https://www.taxtmi.com/caselaws?id=787336 A pre-existing dispute over the existence and veracity of the claimed debt, raised by the corporate debtor before issuance of the demand notice, can render an application under insolvency law inadmissible. The tribunal applied the Mobilox plausibility standard-requiring a dispute that is not patently feeble or spurious-and found the debtor's contemporaneous objections about missing customer identities, delivery proof, service substantiation and absence of a contract amounted to a genuine dispute. Applying that principle, the Section 9 petition was held inadmissible and the appeal against the rejection of the petition was dismissed. en-us Tue, 24 Feb 2026 00:00:00 +0530 Thu, 26 Feb 2026 10:50:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787336 A pre-existing dispute over the existence and veracity of the claimed debt, raised by the corporate debtor before issuance of the demand notice, can render an application under insolvency law inadmissible. The tribunal applied the Mobilox plausibility standard-requiring a dispute that is not patently feeble or spurious-and found the debtor's contemporaneous objections about missing customer identities, delivery proof, service substantiation and absence of a contract amounted to a genuine dispute. Applying that principle, the Section 9 petition was held inadmissible and the appeal against the rejection of the petition was dismissed. Case-Laws IBC Tue, 24 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787336