https://www.taxtmi.com/caselaws?id=787353 Transferred winding up petitions converted into insolvency applications must be adjudicated afresh under the Insolvency and Bankruptcy Code and satisfy the Code's admission criteria in force at conversion; the operational creditor therefore must meet the statutory threshold applicable on conversion. Unilateral invoice clauses claiming interest cannot be added to the debt for computing that threshold absent agreement, acceptance, or conduct proving assent. A post confirmation reconciliation letter lacking particulars and timely claim did not create a bona fide pre existing dispute, so the dispute objection fails but the application remains inadmissible for failing the threshold. en-us Wed, 25 Feb 2026 00:00:00 +0530 Mon, 02 Mar 2026 10:22:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787353 Transferred winding up petitions converted into insolvency applications must be adjudicated afresh under the Insolvency and Bankruptcy Code and satisfy the Code's admission criteria in force at conversion; the operational creditor therefore must meet the statutory threshold applicable on conversion. Unilateral invoice clauses claiming interest cannot be added to the debt for computing that threshold absent agreement, acceptance, or conduct proving assent. A post confirmation reconciliation letter lacking particulars and timely claim did not create a bona fide pre existing dispute, so the dispute objection fails but the application remains inadmissible for failing the threshold. Case-Laws IBC Wed, 25 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787353