https://www.taxtmi.com/caselaws?id=755169 Rent and allied lease charges for business premises were treated as operational debt, and the lessor was accepted as an operational creditor because tenancy-related dues fall within the Insolvency and Bankruptcy Code. Applying the Mobilox standard, the tribunal found no real and pre-existing dispute: objections over assignment of lease, conversion charges, later notices, and subsequent proceedings were unsupported, inconsistent with the lease terms, or arose after the demand notice. The lessee was held responsible for conversion charges under the lease deed. The section 9 application was therefore maintainable, and initiation of CIRP was upheld. en-us Tue, 02 Jul 2024 00:00:00 +0530 Sat, 06 Jul 2024 10:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755169 Rent and allied lease charges for business premises were treated as operational debt, and the lessor was accepted as an operational creditor because tenancy-related dues fall within the Insolvency and Bankruptcy Code. Applying the Mobilox standard, the tribunal found no real and pre-existing dispute: objections over assignment of lease, conversion charges, later notices, and subsequent proceedings were unsupported, inconsistent with the lease terms, or arose after the demand notice. The lessee was held responsible for conversion charges under the lease deed. The section 9 application was therefore maintainable, and initiation of CIRP was upheld. Case-Laws Insolvency and Bankruptcy Tue, 02 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755169