https://www.taxtmi.com/caselaws?id=304224 Advance licence fee paid for proposed operational and management services was treated as operational debt because it arose from a services arrangement and was retained by the recipient. The Tribunal also held that a notice under the Negotiable Instruments Act and similar assertions did not establish a genuine pre-existing dispute, and no effective dispute notice was shown within the statutory period. With the application found complete, the debt due and unpaid, and the demand notice duly delivered, the section 9 petition was admitted and CIRP commenced with moratorium consequences. en-us Tue, 21 Dec 2021 00:00:00 +0530 Tue, 13 Sep 2022 20:21:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304224 Advance licence fee paid for proposed operational and management services was treated as operational debt because it arose from a services arrangement and was retained by the recipient. The Tribunal also held that a notice under the Negotiable Instruments Act and similar assertions did not establish a genuine pre-existing dispute, and no effective dispute notice was shown within the statutory period. With the application found complete, the debt due and unpaid, and the demand notice duly delivered, the section 9 petition was admitted and CIRP commenced with moratorium consequences. Case-Laws Insolvency and Bankruptcy Tue, 21 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304224