https://www.taxtmi.com/caselaws?id=421637 An application under Section 9 of the Insolvency and Bankruptcy Code was found complete and maintainable because the operational creditor supported the claim with invoices, demand notices, affidavit compliance and account material showing an unpaid operational debt. The corporate debtor's reply itself indicated that the principal amount remained payable, and the asserted dispute over reprocessing and alleged set-off was not treated as a qualifying pre-existing dispute. Default was therefore established, the statutory threshold was met, and the application was admitted with moratorium declared and an interim resolution professional appointed. en-us Tue, 19 Apr 2022 00:00:00 +0530 Fri, 29 Apr 2022 08:17:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421637 An application under Section 9 of the Insolvency and Bankruptcy Code was found complete and maintainable because the operational creditor supported the claim with invoices, demand notices, affidavit compliance and account material showing an unpaid operational debt. The corporate debtor's reply itself indicated that the principal amount remained payable, and the asserted dispute over reprocessing and alleged set-off was not treated as a qualifying pre-existing dispute. Default was therefore established, the statutory threshold was met, and the application was admitted with moratorium declared and an interim resolution professional appointed. Case-Laws Insolvency and Bankruptcy Tue, 19 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421637