https://www.taxtmi.com/caselaws?id=413655 An uncontested operational debt claim under section 9 of the Insolvency and Bankruptcy Code was found maintainable because the creditor proved default through contractual and invoicing records, and the demand notice was duly served without any notice of dispute or payment from the corporate debtor. The application was also held to be within limitation, and territorial jurisdiction was established by the debtor's registered office in Delhi. On these statutory requirements being satisfied, the insolvency application was admitted under section 9(5), and the corporate insolvency resolution process, including moratorium and appointment of an interim resolution professional, was directed to commence. en-us Thu, 30 Sep 2021 00:00:00 +0530 Mon, 18 Oct 2021 09:27:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413655 An uncontested operational debt claim under section 9 of the Insolvency and Bankruptcy Code was found maintainable because the creditor proved default through contractual and invoicing records, and the demand notice was duly served without any notice of dispute or payment from the corporate debtor. The application was also held to be within limitation, and territorial jurisdiction was established by the debtor's registered office in Delhi. On these statutory requirements being satisfied, the insolvency application was admitted under section 9(5), and the corporate insolvency resolution process, including moratorium and appointment of an interim resolution professional, was directed to commence. Case-Laws Insolvency and Bankruptcy Thu, 30 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413655