https://www.taxtmi.com/caselaws?id=466667 Winding up petitions transferred from a higher court under the transfer rules are to be treated as insolvency petitions where the transferred record demonstrates a crystallized admitted debt; in such cases the transferred proceeding falls within the Companies Act transfer scheme and the Insolvency and Bankruptcy Code. Operational creditor procedural compliance, including issuance of demand notice, and absence of documentary proof of bona fide dispute support admission under the Code. Time during which the matter remained pending before the High Court is excluded for limitation calculation. Resultantly an admissible Section 9 petition leads to initiation of CIRP with moratorium and appointment of an IRP. en-us Thu, 02 May 2024 00:00:00 +0530 Mon, 16 Feb 2026 13:01:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466667 Winding up petitions transferred from a higher court under the transfer rules are to be treated as insolvency petitions where the transferred record demonstrates a crystallized admitted debt; in such cases the transferred proceeding falls within the Companies Act transfer scheme and the Insolvency and Bankruptcy Code. Operational creditor procedural compliance, including issuance of demand notice, and absence of documentary proof of bona fide dispute support admission under the Code. Time during which the matter remained pending before the High Court is excluded for limitation calculation. Resultantly an admissible Section 9 petition leads to initiation of CIRP with moratorium and appointment of an IRP. Case-Laws IBC Thu, 02 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466667