https://www.taxtmi.com/caselaws?id=447941 An acknowledged balance, corroborated by signed statement of accounts and part-payments, was treated as sufficient acknowledgment of liability to save the section 9 application from limitation, which was therefore within time. Unsupported allegations of damaged goods and faulty packing, without contemporaneous documentary proof, were not accepted as a pre-existing dispute capable of defeating admission under the Insolvency and Bankruptcy Code. The commercial record, including purchase orders, invoices, e-way bills, GST material and part-payments, supported supply of goods and subsistence of operational debt. The order admitting the corporate debtor to CIRP was sustained, and the appeal failed. en-us Thu, 04 Jan 2024 00:00:00 +0530 Tue, 09 Jan 2024 08:35:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447941 An acknowledged balance, corroborated by signed statement of accounts and part-payments, was treated as sufficient acknowledgment of liability to save the section 9 application from limitation, which was therefore within time. Unsupported allegations of damaged goods and faulty packing, without contemporaneous documentary proof, were not accepted as a pre-existing dispute capable of defeating admission under the Insolvency and Bankruptcy Code. The commercial record, including purchase orders, invoices, e-way bills, GST material and part-payments, supported supply of goods and subsistence of operational debt. The order admitting the corporate debtor to CIRP was sustained, and the appeal failed. Case-Laws Insolvency and Bankruptcy Thu, 04 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447941