https://www.taxtmi.com/caselaws?id=409513 Technical defects in an insolvency application, including issues with the supporting affidavit, prescribed format, and authorisation for issuance of the demand notice, were treated as curable where the statutory contents were substantially met. The demand notice issued by an advocate was accepted as valid, and non-filing of an information utility certificate was treated as procedural rather than fatal. The corporate debtor failed to show a genuine pre-existing dispute with cogent material; correspondence and emails indicated acknowledgment of liability. The claim was held to be within limitation and to satisfy the operational debt threshold, so the application was admitted, moratorium declared, and insolvency resolution proceedings commenced. en-us Wed, 17 Mar 2021 00:00:00 +0530 Sat, 10 Jul 2021 08:38:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409513 Technical defects in an insolvency application, including issues with the supporting affidavit, prescribed format, and authorisation for issuance of the demand notice, were treated as curable where the statutory contents were substantially met. The demand notice issued by an advocate was accepted as valid, and non-filing of an information utility certificate was treated as procedural rather than fatal. The corporate debtor failed to show a genuine pre-existing dispute with cogent material; correspondence and emails indicated acknowledgment of liability. The claim was held to be within limitation and to satisfy the operational debt threshold, so the application was admitted, moratorium declared, and insolvency resolution proceedings commenced. Case-Laws Insolvency and Bankruptcy Wed, 17 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409513