https://www.taxtmi.com/caselaws?id=787719 A Section 9 insolvency petition requires an undisputed operational debt; it is not maintainable where a genuine dispute over the existence or quantum of liability existed before the Section 8 demand notice. A dispute concerning whether license or rent liability was wholly or partly allocated under prior settlement arrangements was supported by the parties' documents, arbitration clause, and eviction proceedings. Such a controversy was not spurious and could not be adjudicated through corporate insolvency proceedings. The rejection of the Section 9 petition was therefore sustained and the appeal was dismissed. en-us Mon, 09 Mar 2026 00:00:00 +0530 Wed, 11 Mar 2026 08:18:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787719 A Section 9 insolvency petition requires an undisputed operational debt; it is not maintainable where a genuine dispute over the existence or quantum of liability existed before the Section 8 demand notice. A dispute concerning whether license or rent liability was wholly or partly allocated under prior settlement arrangements was supported by the parties' documents, arbitration clause, and eviction proceedings. Such a controversy was not spurious and could not be adjudicated through corporate insolvency proceedings. The rejection of the Section 9 petition was therefore sustained and the appeal was dismissed. Case-Laws IBC Mon, 09 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787719