https://www.taxtmi.com/caselaws?id=413543 A contractual claim for toll and ECC collection charges recoverable as arrears of tax under a municipal statute did not, by that recovery mechanism alone, become an operational debt under the Insolvency and Bankruptcy Code because the petitioner was not supplying goods or services to the corporate debtor. The Tribunal also found multiple prior proceedings, correspondence, and contested claims showing a real and plausible pre-existing dispute, so the section 9 petition was not maintainable. The application was therefore rejected because the underlying claim was not an operational debt and the dispute was substantial. en-us Fri, 08 Oct 2021 00:00:00 +0530 Thu, 14 Oct 2021 09:14:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413543 A contractual claim for toll and ECC collection charges recoverable as arrears of tax under a municipal statute did not, by that recovery mechanism alone, become an operational debt under the Insolvency and Bankruptcy Code because the petitioner was not supplying goods or services to the corporate debtor. The Tribunal also found multiple prior proceedings, correspondence, and contested claims showing a real and plausible pre-existing dispute, so the section 9 petition was not maintainable. The application was therefore rejected because the underlying claim was not an operational debt and the dispute was substantial. Case-Laws Insolvency and Bankruptcy Fri, 08 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413543