https://www.taxtmi.com/caselaws?id=302620 An operational creditor's claim was treated as within limitation because the erstwhile SICA bar suspended recovery proceedings until the reference abated, and limitation was computed from the date that bar ceased. The debtor's quality objection was not accepted as a pre-existing dispute because it was raised only after statutory notice and no contemporaneous dispute was shown, so admission was not defeated on that ground. On the invoices and account materials, operational debt and default were found established, and the insolvency petition was admitted with CIRP and moratorium directions under the IBC. en-us Mon, 31 Jul 2017 00:00:00 +0530 Thu, 09 Jun 2022 08:14:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302620 An operational creditor's claim was treated as within limitation because the erstwhile SICA bar suspended recovery proceedings until the reference abated, and limitation was computed from the date that bar ceased. The debtor's quality objection was not accepted as a pre-existing dispute because it was raised only after statutory notice and no contemporaneous dispute was shown, so admission was not defeated on that ground. On the invoices and account materials, operational debt and default were found established, and the insolvency petition was admitted with CIRP and moratorium directions under the IBC. Case-Laws Insolvency and Bankruptcy Mon, 31 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302620