https://www.taxtmi.com/caselaws?id=420906 An operational creditor established a legally enforceable operational debt by showing invoices raised to the corporate debtor, part payments made by it, and TDS and GST entries linked to the transaction. Those records supported privity of contract and a liability payable by the corporate debtor. The corporate debtor failed to show any real, bona fide pre-existing dispute capable of defeating the insolvency claim, as the asserted dispute was not substantiated on the record. On that basis, the section 9 application was correctly admitted and the appeal was dismissed. en-us Mon, 11 Apr 2022 00:00:00 +0530 Wed, 13 Apr 2022 08:38:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420906 An operational creditor established a legally enforceable operational debt by showing invoices raised to the corporate debtor, part payments made by it, and TDS and GST entries linked to the transaction. Those records supported privity of contract and a liability payable by the corporate debtor. The corporate debtor failed to show any real, bona fide pre-existing dispute capable of defeating the insolvency claim, as the asserted dispute was not substantiated on the record. On that basis, the section 9 application was correctly admitted and the appeal was dismissed. Case-Laws Insolvency and Bankruptcy Mon, 11 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420906