https://www.taxtmi.com/caselaws?id=425326 A Section 9 Insolvency and Bankruptcy Code application was held maintainable where operational debt and default were shown and no genuine pre-existing dispute had been communicated before the demand notice or petition. The operational creditor relied on the memorandum of understanding, invoices, correspondence on monthly charges and property tax, and the statutory demand notice. The corporate debtor's objections on absence of debt, restricted access, inadequate stamping, termination, and arbitration were not substantiated by evidence. The application was admitted, CIRP was ordered, and the plea of pre-existing dispute was rejected. en-us Mon, 18 Jul 2022 00:00:00 +0530 Thu, 21 Jul 2022 09:26:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425326 A Section 9 Insolvency and Bankruptcy Code application was held maintainable where operational debt and default were shown and no genuine pre-existing dispute had been communicated before the demand notice or petition. The operational creditor relied on the memorandum of understanding, invoices, correspondence on monthly charges and property tax, and the statutory demand notice. The corporate debtor's objections on absence of debt, restricted access, inadequate stamping, termination, and arbitration were not substantiated by evidence. The application was admitted, CIRP was ordered, and the plea of pre-existing dispute was rejected. Case-Laws Insolvency and Bankruptcy Mon, 18 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425326