https://www.taxtmi.com/caselaws?id=297011 An operational creditor must show an undisputed operational debt and default before invoking CIRP under the Insolvency and Bankruptcy Code, 2016. Where invoices were raised after the contractual period expired and the corporate debtor repeatedly objected to the basis of charging, the interest rate, and the minimum chargeable copies, the existence of a genuine pre-existing dispute prevented admission of a Section 9 petition. The Tribunal noted that insolvency proceedings are not a substitute for recovery proceedings and that summary proceedings under the Code do not require a roving enquiry once a real dispute is shown. On these facts, the application was rejected. en-us Mon, 16 Dec 2019 00:00:00 +0530 Sun, 15 Aug 2021 14:25:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297011 An operational creditor must show an undisputed operational debt and default before invoking CIRP under the Insolvency and Bankruptcy Code, 2016. Where invoices were raised after the contractual period expired and the corporate debtor repeatedly objected to the basis of charging, the interest rate, and the minimum chargeable copies, the existence of a genuine pre-existing dispute prevented admission of a Section 9 petition. The Tribunal noted that insolvency proceedings are not a substitute for recovery proceedings and that summary proceedings under the Code do not require a roving enquiry once a real dispute is shown. On these facts, the application was rejected. Case-Laws Insolvency and Bankruptcy Mon, 16 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297011