https://www.taxtmi.com/caselaws?id=408864 The Tribunal found that the parties extended their agreement beyond its original term through their conduct. It was established that the Appellant's invoices were acknowledged and payments were promised by the Respondent, indicating a debt acknowledgment. The issue of newsprint wastage was not considered a valid pre-existing dispute, and the application under Section 9 of the IBC was deemed maintainable due to the unpaid debt exceeding the threshold. Consequently, the Tribunal set aside the previous order, returning the matter for admission of the application and further actions in accordance with IBC provisions. The appeal was successful, with no costs ordered. en-us Mon, 21 Jun 2021 00:00:00 +0530 Wed, 23 Jun 2021 10:13:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408864 The Tribunal found that the parties extended their agreement beyond its original term through their conduct. It was established that the Appellant's invoices were acknowledged and payments were promised by the Respondent, indicating a debt acknowledgment. The issue of newsprint wastage was not considered a valid pre-existing dispute, and the application under Section 9 of the IBC was deemed maintainable due to the unpaid debt exceeding the threshold. Consequently, the Tribunal set aside the previous order, returning the matter for admission of the application and further actions in accordance with IBC provisions. The appeal was successful, with no costs ordered. Case-Laws Insolvency and Bankruptcy Mon, 21 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408864