https://www.taxtmi.com/caselaws?id=787451 An application under the Insolvency and Bankruptcy Code was found not maintainable where pre-demand communications and admissions evidenced a pre-existing dispute, the contractual default accrual clause (365 days post-due date) had not been triggered before the demand notice making the notice premature, and parallel arbitration proceedings concerning the same subject-matter were pending; the tribunal applied the plausible-contention test for disputes and treated arbitration pendency as a factor against initiating insolvency, and on these combined grounds the Section 9 petition was rejected. en-us Mon, 02 Mar 2026 00:00:00 +0530 Fri, 06 Mar 2026 08:30:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787451 An application under the Insolvency and Bankruptcy Code was found not maintainable where pre-demand communications and admissions evidenced a pre-existing dispute, the contractual default accrual clause (365 days post-due date) had not been triggered before the demand notice making the notice premature, and parallel arbitration proceedings concerning the same subject-matter were pending; the tribunal applied the plausible-contention test for disputes and treated arbitration pendency as a factor against initiating insolvency, and on these combined grounds the Section 9 petition was rejected. Case-Laws IBC Mon, 02 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787451