https://www.taxtmi.com/caselaws?id=458352 NCLT Hyderabad admitted a petition for initiating CIRP against a corporate debtor for operational debt exceeding Rs. 1 crore. The operational creditor established genuine debt through invoices with GST payments, e-way bills, and delivery challans, with part payments made by the debtor. The debtor's dispute was rejected as spurious since no pre-existing dispute was raised before GST authorities despite claiming fake invoices. The tribunal found the debtor's FIR filed post-demand notice insufficient to establish pre-existing dispute, ruling the debt was due and payable with clear default. en-us Fri, 14 Jul 2023 00:00:00 +0530 Tue, 22 Oct 2024 20:29:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458352 NCLT Hyderabad admitted a petition for initiating CIRP against a corporate debtor for operational debt exceeding Rs. 1 crore. The operational creditor established genuine debt through invoices with GST payments, e-way bills, and delivery challans, with part payments made by the debtor. The debtor's dispute was rejected as spurious since no pre-existing dispute was raised before GST authorities despite claiming fake invoices. The tribunal found the debtor's FIR filed post-demand notice insufficient to establish pre-existing dispute, ruling the debt was due and payable with clear default. Case-Laws IBC Fri, 14 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458352