https://www.taxtmi.com/caselaws?id=784671 An operational creditor's Section 9 insolvency claim was held unsustainable beyond the admitted principal amount because interest was not provided for in the governing agreement, the MoU claim lacked privity, and the Sales and Marketing Agreement claim could not be maintained by a non-party. The invoices were also treated as insufficiently supported in the absence of GST return or payment records despite opportunity. The record further showed complaints and communications about service deficiencies, financial mismanagement, unauthorized cash transactions and revenue issues before the demand notice, establishing a real pre-existing dispute rather than a moonshine defence. The insolvency application was therefore not maintainable. en-us Wed, 07 Jan 2026 00:00:00 +0530 Sat, 10 Jan 2026 08:25:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784671 An operational creditor's Section 9 insolvency claim was held unsustainable beyond the admitted principal amount because interest was not provided for in the governing agreement, the MoU claim lacked privity, and the Sales and Marketing Agreement claim could not be maintained by a non-party. The invoices were also treated as insufficiently supported in the absence of GST return or payment records despite opportunity. The record further showed complaints and communications about service deficiencies, financial mismanagement, unauthorized cash transactions and revenue issues before the demand notice, establishing a real pre-existing dispute rather than a moonshine defence. The insolvency application was therefore not maintainable. Case-Laws IBC Wed, 07 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784671