https://www.taxtmi.com/caselaws?id=789690 A Section 9 application under the Insolvency and Bankruptcy Code was held not maintainable because a genuine pre-existing dispute existed between the parties. Disputes over defective supplies, debit notes, account reconciliation, and liability had arisen before the demand notice, and the correspondence, police complaint, and inconsistent ledger entries showed contested accounts requiring reconciliation. The Court applied the settled test that the adjudicating authority need only see whether the dispute is plausible and not spurious, hypothetical, or illusory, and need not decide its merits. The appellate tribunal erred in treating the defence as moonshine and in relying on post-notice events to negate the dispute. en-us Thu, 09 Apr 2026 00:00:00 +0530 Mon, 13 Apr 2026 07:52:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789690 A Section 9 application under the Insolvency and Bankruptcy Code was held not maintainable because a genuine pre-existing dispute existed between the parties. Disputes over defective supplies, debit notes, account reconciliation, and liability had arisen before the demand notice, and the correspondence, police complaint, and inconsistent ledger entries showed contested accounts requiring reconciliation. The Court applied the settled test that the adjudicating authority need only see whether the dispute is plausible and not spurious, hypothetical, or illusory, and need not decide its merits. The appellate tribunal erred in treating the defence as moonshine and in relying on post-notice events to negate the dispute. Case-Laws IBC Thu, 09 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789690