https://www.taxtmi.com/caselaws?id=425512 A dispute limited to the quantum of operational debt, without denial of the debt's existence, does not negate liability under the Insolvency and Bankruptcy Code. The Tribunal treated the definition of "dispute" under Section 5(6) as concerned with the existence of the debt, and found that non-payment established default where repayment was not shown. On that basis, the Section 9 petition was admitted, CIRP was commenced, and moratorium, appointment of an Interim Resolution Professional, and public announcement were directed in accordance with the Code and regulations. en-us Fri, 01 Jul 2022 00:00:00 +0530 Tue, 26 Jul 2022 09:17:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425512 A dispute limited to the quantum of operational debt, without denial of the debt's existence, does not negate liability under the Insolvency and Bankruptcy Code. The Tribunal treated the definition of "dispute" under Section 5(6) as concerned with the existence of the debt, and found that non-payment established default where repayment was not shown. On that basis, the Section 9 petition was admitted, CIRP was commenced, and moratorium, appointment of an Interim Resolution Professional, and public announcement were directed in accordance with the Code and regulations. Case-Laws Insolvency and Bankruptcy Fri, 01 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425512