https://www.taxtmi.com/caselaws?id=298915 An application under Section 9 of the Insolvency and Bankruptcy Code was treated as time-barred because the last admitted payment was on 28.05.2014 and the petition was filed on 09.05.2018; disputed email confirmations were not accepted as sufficient acknowledgement to extend limitation. The record also showed a genuine pre-existing dispute, including a debit note and coal analysis reports concerning the quality of coal supplied and the amounts claimed, which arose before the demand notice. As the insolvency process cannot be used for debt recovery where a real dispute exists, the petition was found not maintainable and rejected on both grounds. en-us Fri, 20 Mar 2020 00:00:00 +0530 Sat, 27 Nov 2021 08:45:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298915 An application under Section 9 of the Insolvency and Bankruptcy Code was treated as time-barred because the last admitted payment was on 28.05.2014 and the petition was filed on 09.05.2018; disputed email confirmations were not accepted as sufficient acknowledgement to extend limitation. The record also showed a genuine pre-existing dispute, including a debit note and coal analysis reports concerning the quality of coal supplied and the amounts claimed, which arose before the demand notice. As the insolvency process cannot be used for debt recovery where a real dispute exists, the petition was found not maintainable and rejected on both grounds. Case-Laws Insolvency and Bankruptcy Fri, 20 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298915