https://www.taxtmi.com/caselaws?id=424143 An application under section 9 of the Insolvency and Bankruptcy Code was found maintainable because the operational creditor established an operational debt and default, while the corporate debtor's allegations of non-receipt of goods, sub-standard quality, collusion, and notice defects were not supported by material evidence. The correspondence, including cheques and a letter indicating willingness to pay through RTGS, showed an admitted business relationship and acknowledgment of liability. On that basis, the pre-existing dispute objection failed, the petition was held complete, and CIRP was directed to commence with moratorium and appointment of the Interim Resolution Professional. en-us Mon, 13 Jun 2022 00:00:00 +0530 Tue, 21 Jun 2022 18:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424143 An application under section 9 of the Insolvency and Bankruptcy Code was found maintainable because the operational creditor established an operational debt and default, while the corporate debtor's allegations of non-receipt of goods, sub-standard quality, collusion, and notice defects were not supported by material evidence. The correspondence, including cheques and a letter indicating willingness to pay through RTGS, showed an admitted business relationship and acknowledgment of liability. On that basis, the pre-existing dispute objection failed, the petition was held complete, and CIRP was directed to commence with moratorium and appointment of the Interim Resolution Professional. Case-Laws Insolvency and Bankruptcy Mon, 13 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424143