https://www.taxtmi.com/caselaws?id=440039 A Section 9 insolvency application was examined against objections of pre-existing dispute, but a merely asserted grievance over quality of goods, test certificates, and alleged rejection was held insufficient without contemporaneous supporting evidence or prior adjudication. Claims for interest and damages did not prevent admission where the principal operational debt was otherwise acknowledged through part-payments, email confirmation, and the invoices. The Tribunal treated unliquidated damages as collateral to the summary insolvency process. On the material showing acknowledgment of liability and dishonour of the cheque for insufficiency of funds, debt and default were found established and the insolvency admission was sustained. en-us Tue, 04 Jul 2023 00:00:00 +0530 Thu, 07 May 2026 18:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440039 A Section 9 insolvency application was examined against objections of pre-existing dispute, but a merely asserted grievance over quality of goods, test certificates, and alleged rejection was held insufficient without contemporaneous supporting evidence or prior adjudication. Claims for interest and damages did not prevent admission where the principal operational debt was otherwise acknowledged through part-payments, email confirmation, and the invoices. The Tribunal treated unliquidated damages as collateral to the summary insolvency process. On the material showing acknowledgment of liability and dishonour of the cheque for insufficiency of funds, debt and default were found established and the insolvency admission was sustained. Case-Laws IBC Tue, 04 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440039