https://www.taxtmi.com/caselaws?id=426765 Operational debt under the Insolvency and Bankruptcy Code includes claims arising from sourcing, procurement and supply contracts for goods or services, rather than transactions involving disbursal against the time value of money. For section 9 proceedings, a dispute must concern the debt, quality of goods or breach of warranty and must exist before the operational creditor's demand notice. Arbitration proceedings or compromise settlements initiated after that notice cannot establish a pre-existing dispute. Consequently, a supply-contract claim remains capable of supporting admission where no qualifying prior dispute is shown. en-us Tue, 23 Aug 2022 00:00:00 +0530 Thu, 25 Aug 2022 19:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426765 Operational debt under the Insolvency and Bankruptcy Code includes claims arising from sourcing, procurement and supply contracts for goods or services, rather than transactions involving disbursal against the time value of money. For section 9 proceedings, a dispute must concern the debt, quality of goods or breach of warranty and must exist before the operational creditor's demand notice. Arbitration proceedings or compromise settlements initiated after that notice cannot establish a pre-existing dispute. Consequently, a supply-contract claim remains capable of supporting admission where no qualifying prior dispute is shown. Case-Laws Insolvency and Bankruptcy Tue, 23 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426765