https://www.taxtmi.com/caselaws?id=788570 A section 9 insolvency application was found unsustainable because the corporate debtor's reply to the demand notice amounted to a valid notice of dispute under the Insolvency and Bankruptcy Code. The reply specifically disputed the invoices, alleged non-supply and fake billing, and referred to return of materials and prior audit/investigation, showing a pre-existing controversy. The defence was held not to be spurious or moonshine because the record disclosed a plausible, material dispute requiring further examination. A later GST assessment order was also treated as relevant corroboration, as it reflected duplicate invoices, lack of vehicle movement, and invoices raised without actual supply. en-us Mon, 23 Mar 2026 00:00:00 +0530 Tue, 24 Mar 2026 16:50:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788570 A section 9 insolvency application was found unsustainable because the corporate debtor's reply to the demand notice amounted to a valid notice of dispute under the Insolvency and Bankruptcy Code. The reply specifically disputed the invoices, alleged non-supply and fake billing, and referred to return of materials and prior audit/investigation, showing a pre-existing controversy. The defence was held not to be spurious or moonshine because the record disclosed a plausible, material dispute requiring further examination. A later GST assessment order was also treated as relevant corroboration, as it reflected duplicate invoices, lack of vehicle movement, and invoices raised without actual supply. Case-Laws IBC Mon, 23 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788570