https://www.taxtmi.com/caselaws?id=408956 A section 9 application is admissible where unpaid operational debt is supported by invoices and ledger entries, the demand notice is duly served, no pre-existing dispute is shown, and the claim is within limitation. On the facts, the adjudicating authority found these requirements satisfied, including acknowledgment of liability and continuing default, and admitted the application. Consequent statutory effects followed: corporate insolvency resolution process was initiated, moratorium was imposed, and the proposed resolution professional was appointed as interim resolution professional. en-us Thu, 17 Jun 2021 00:00:00 +0530 Fri, 25 Jun 2021 07:13:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408956 A section 9 application is admissible where unpaid operational debt is supported by invoices and ledger entries, the demand notice is duly served, no pre-existing dispute is shown, and the claim is within limitation. On the facts, the adjudicating authority found these requirements satisfied, including acknowledgment of liability and continuing default, and admitted the application. Consequent statutory effects followed: corporate insolvency resolution process was initiated, moratorium was imposed, and the proposed resolution professional was appointed as interim resolution professional. Case-Laws Insolvency and Bankruptcy Thu, 17 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408956