https://www.taxtmi.com/caselaws?id=787334 Operational debt under invoice-based supply transactions became due within 30 days of the invoices, so the defaults had occurred before 25.03.2020 and fell outside the section 10A suspension under the Insolvency and Bankruptcy Code. The later issuance and dishonour of cheques did not shift the original date of default, because cheque dishonour did not change the matured invoice liability or create a fresh default date. A claimed running account was also not supported by material showing settlement, and the pre-25.03.2020 default basis of the section 9 insolvency application remained unchanged. en-us Tue, 24 Feb 2026 00:00:00 +0530 Mon, 02 Mar 2026 08:35:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787334 Operational debt under invoice-based supply transactions became due within 30 days of the invoices, so the defaults had occurred before 25.03.2020 and fell outside the section 10A suspension under the Insolvency and Bankruptcy Code. The later issuance and dishonour of cheques did not shift the original date of default, because cheque dishonour did not change the matured invoice liability or create a fresh default date. A claimed running account was also not supported by material showing settlement, and the pre-25.03.2020 default basis of the section 9 insolvency application remained unchanged. Case-Laws IBC Tue, 24 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787334