https://www.taxtmi.com/caselaws?id=407767 Section 9 admission requires the operational creditor to prove, through reliable documentary material, that services were rendered and an unpaid operational debt exists. Although the enhanced minimum-default threshold did not apply to a default preceding the amendment, and stamping objections did not negate a consultancy agreement acted upon by the parties, the claim failed because services during the unpaid period were not adequately evidenced. An incomplete, unacknowledged invoice, absent remaining invoices, and informal emails did not establish the debt. Insolvency proceedings cannot be used merely as a recovery mechanism where the operational claim remains unproved. en-us Mon, 26 Apr 2021 00:00:00 +0530 Fri, 21 May 2021 08:29:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407767 Section 9 admission requires the operational creditor to prove, through reliable documentary material, that services were rendered and an unpaid operational debt exists. Although the enhanced minimum-default threshold did not apply to a default preceding the amendment, and stamping objections did not negate a consultancy agreement acted upon by the parties, the claim failed because services during the unpaid period were not adequately evidenced. An incomplete, unacknowledged invoice, absent remaining invoices, and informal emails did not establish the debt. Insolvency proceedings cannot be used merely as a recovery mechanism where the operational claim remains unproved. Case-Laws Insolvency and Bankruptcy Mon, 26 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407767