https://www.taxtmi.com/caselaws?id=445220 The Appellate Tribunal upheld the decision of the Adjudicating Authority to admit the Section 9 Application filed by the Operational Creditor against the Corporate Debtor for non-payment of dues amounting to Rs.1,72,65,837.38. Despite the Corporate Debtor's contention of a pre-existing dispute and the provision of security cheques, the Authority found no substantive dispute and determined that the debt was due after the 45-day credit period. The appeal was dismissed for lack of merit, affirming the validity of the debt and the admission of the application. en-us Thu, 02 Nov 2023 00:00:00 +0530 Fri, 03 Nov 2023 08:20:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445220 The Appellate Tribunal upheld the decision of the Adjudicating Authority to admit the Section 9 Application filed by the Operational Creditor against the Corporate Debtor for non-payment of dues amounting to Rs.1,72,65,837.38. Despite the Corporate Debtor's contention of a pre-existing dispute and the provision of security cheques, the Authority found no substantive dispute and determined that the debt was due after the 45-day credit period. The appeal was dismissed for lack of merit, affirming the validity of the debt and the admission of the application. Case-Laws Insolvency and Bankruptcy Thu, 02 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445220