https://www.taxtmi.com/caselaws?id=787281 Monetary threshold for initiating insolvency proceedings must be ascertained on the initiation date; where admitted operational debt on that date falls below the statutory minimum the petition is not maintainable, and payments made before the initiation date that reduce the admitted claim are to be accounted for. A bona fide pre-existing dispute between the parties, established from contractual communications and factual records, also precludes invocation of insolvency proceedings. Operatively, the petition failed both for insufficient admitted debt on the initiation date and for existence of a bona fide dispute, resulting in dismissal of the appeal and upholding of the impugned order. en-us Wed, 25 Feb 2026 00:00:00 +0530 Fri, 27 Feb 2026 10:26:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787281 Monetary threshold for initiating insolvency proceedings must be ascertained on the initiation date; where admitted operational debt on that date falls below the statutory minimum the petition is not maintainable, and payments made before the initiation date that reduce the admitted claim are to be accounted for. A bona fide pre-existing dispute between the parties, established from contractual communications and factual records, also precludes invocation of insolvency proceedings. Operatively, the petition failed both for insufficient admitted debt on the initiation date and for existence of a bona fide dispute, resulting in dismissal of the appeal and upholding of the impugned order. Case-Laws IBC Wed, 25 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787281