https://www.taxtmi.com/caselaws?id=418489 Operational debt and default were found established on the basis of invoices and a ledger showing a running account with unpaid dues, so the section 9 insolvency application was fit for admission. No genuine pre-existing dispute was shown because the corporate debtor's objections were limited to accounting and reconciliation issues raised after the demand notice, which were not treated as a prior dispute under the Code. The claim was also held to be within limitation because the application was filed within three years of the last payment on the running account under Article 137 of the Limitation Act, 1963. Corporate insolvency resolution process was directed to commence, an interim resolution professional was appointed, and moratorium consequences followed. en-us Fri, 11 Feb 2022 00:00:00 +0530 Fri, 18 Feb 2022 07:33:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418489 Operational debt and default were found established on the basis of invoices and a ledger showing a running account with unpaid dues, so the section 9 insolvency application was fit for admission. No genuine pre-existing dispute was shown because the corporate debtor's objections were limited to accounting and reconciliation issues raised after the demand notice, which were not treated as a prior dispute under the Code. The claim was also held to be within limitation because the application was filed within three years of the last payment on the running account under Article 137 of the Limitation Act, 1963. Corporate insolvency resolution process was directed to commence, an interim resolution professional was appointed, and moratorium consequences followed. Case-Laws Insolvency and Bankruptcy Fri, 11 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418489