https://www.taxtmi.com/caselaws?id=466449 Contractual claims for compensation or penalty under Clause 10 are not treated as crystallized operational debt where entitlement and quantum remain disputed; such claims require adjudication by a competent forum before becoming actionable in insolvency proceedings. The admissibility threshold for a Section 9 insolvency petition is limited to operational debts that are clear, due and undisputed or already adjudicated; where substantive determination of liability or quantum is necessary, the Section 9 application is not maintainable. Consequentially, rejection of a Section 9 petition on this basis is legally sustainable. en-us Mon, 07 Aug 2023 00:00:00 +0530 Mon, 09 Feb 2026 17:43:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466449 Contractual claims for compensation or penalty under Clause 10 are not treated as crystallized operational debt where entitlement and quantum remain disputed; such claims require adjudication by a competent forum before becoming actionable in insolvency proceedings. The admissibility threshold for a Section 9 insolvency petition is limited to operational debts that are clear, due and undisputed or already adjudicated; where substantive determination of liability or quantum is necessary, the Section 9 application is not maintainable. Consequentially, rejection of a Section 9 petition on this basis is legally sustainable. Case-Laws IBC Mon, 07 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466449