https://www.taxtmi.com/caselaws?id=419911 A Section 9 Insolvency and Bankruptcy Code application failed because the materials showed a pre-existing dispute over the claimed operational debt. Continuing litigation on the underlying dues, including challenges to the determination and the blacklisting of the operational creditor, established that the claim was not an undisputed debt. The reply to the demand notice itself referred to the dispute, and the Tribunal also found suppression of material facts, including pending writ proceedings and the dispute over calculation of dues. As the statutory threshold for admission under Section 9 was not met, the application was rejected. en-us Fri, 11 Mar 2022 00:00:00 +0530 Wed, 23 Mar 2022 08:38:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419911 A Section 9 Insolvency and Bankruptcy Code application failed because the materials showed a pre-existing dispute over the claimed operational debt. Continuing litigation on the underlying dues, including challenges to the determination and the blacklisting of the operational creditor, established that the claim was not an undisputed debt. The reply to the demand notice itself referred to the dispute, and the Tribunal also found suppression of material facts, including pending writ proceedings and the dispute over calculation of dues. As the statutory threshold for admission under Section 9 was not met, the application was rejected. Case-Laws Insolvency and Bankruptcy Fri, 11 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419911