https://www.taxtmi.com/caselaws?id=786242 A plausible pre-existing contractual dispute can prevent a claim from qualifying as an operational debt under Section 9 of the Insolvency and Bankruptcy Code. On the plain terms of the endorsement agreement, the Tribunal found it arguable that the second instalment depended on actual utilisation of the second day of services, rather than becoming unconditionally due on a fixed date. Because the payment obligation was not clear-cut and the dispute was neither fanciful nor sham, insolvency proceedings were not the proper forum to resolve the contractual construction issue. Any remedy, if available, lay in a civil claim for damages, not in a Section 9 insolvency petition. en-us Fri, 06 Feb 2026 00:00:00 +0530 Tue, 10 Feb 2026 07:46:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786242 A plausible pre-existing contractual dispute can prevent a claim from qualifying as an operational debt under Section 9 of the Insolvency and Bankruptcy Code. On the plain terms of the endorsement agreement, the Tribunal found it arguable that the second instalment depended on actual utilisation of the second day of services, rather than becoming unconditionally due on a fixed date. Because the payment obligation was not clear-cut and the dispute was neither fanciful nor sham, insolvency proceedings were not the proper forum to resolve the contractual construction issue. Any remedy, if available, lay in a civil claim for damages, not in a Section 9 insolvency petition. Case-Laws IBC Fri, 06 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786242