https://www.taxtmi.com/caselaws?id=436029 A Section 9 insolvency petition under the Insolvency and Bankruptcy Code was found maintainable because the alleged dispute was not shown to be genuine or pre-existing. The operational debt was not disputed, the goods had been accepted and used, and quality objections raised only after the inspection report were treated as an afterthought. Correspondence and surrounding material did not establish a bona fide dispute existing before the demand notice, so the debtor's defence could not defeat admission of insolvency proceedings. The decision confirms that a belated or sham objection will not bar admission where default is otherwise established. en-us Fri, 31 Mar 2023 00:00:00 +0530 Sun, 02 Apr 2023 22:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436029 A Section 9 insolvency petition under the Insolvency and Bankruptcy Code was found maintainable because the alleged dispute was not shown to be genuine or pre-existing. The operational debt was not disputed, the goods had been accepted and used, and quality objections raised only after the inspection report were treated as an afterthought. Correspondence and surrounding material did not establish a bona fide dispute existing before the demand notice, so the debtor's defence could not defeat admission of insolvency proceedings. The decision confirms that a belated or sham objection will not bar admission where default is otherwise established. Case-Laws Insolvency and Bankruptcy Fri, 31 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436029