https://www.taxtmi.com/caselaws?id=418544 A demand notice under the insolvency framework is effective where it is sent by registered post and e-mail and the record shows dispatch and tracking, and a bare allegation of dissatisfaction with supply or quality is insufficient to establish a credible pre-existing dispute. A payment made before expiry of the prescribed period can trigger a fresh limitation period in a running-account context, keeping the application within time. Where the operational debt remains unpaid, the notice is duly served, default is shown, the application is complete, and the proposed interim resolution professional has given consent, the statutory conditions for admission of the application and commencement of corporate insolvency resolution process are satisfied. en-us Mon, 31 Jan 2022 00:00:00 +0530 Sat, 19 Feb 2022 07:02:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418544 A demand notice under the insolvency framework is effective where it is sent by registered post and e-mail and the record shows dispatch and tracking, and a bare allegation of dissatisfaction with supply or quality is insufficient to establish a credible pre-existing dispute. A payment made before expiry of the prescribed period can trigger a fresh limitation period in a running-account context, keeping the application within time. Where the operational debt remains unpaid, the notice is duly served, default is shown, the application is complete, and the proposed interim resolution professional has given consent, the statutory conditions for admission of the application and commencement of corporate insolvency resolution process are satisfied. Case-Laws Insolvency and Bankruptcy Mon, 31 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418544