https://www.taxtmi.com/caselaws?id=789733 An operational creditor's Section 9 insolvency application is not maintainable where the corporate debtor's reply and supporting material disclose a real, pre-existing and plausible dispute arising before the demand notice. Detailed correspondence, alleged settlement, credit notes, reconciliation issues, and a pending arbitration reference showed that the claim was contractually disputed, so insolvency proceedings could not be used to resolve that controversy. The challenge based on natural justice also failed because the maintainability note was confined to the Section 9 objection, no undisclosed merits determination was made, and no prejudice was shown. The appeal therefore failed on both the existence of a genuine dispute and the absence of procedural unfairness. en-us Fri, 10 Apr 2026 00:00:00 +0530 Tue, 14 Apr 2026 08:03:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789733 An operational creditor's Section 9 insolvency application is not maintainable where the corporate debtor's reply and supporting material disclose a real, pre-existing and plausible dispute arising before the demand notice. Detailed correspondence, alleged settlement, credit notes, reconciliation issues, and a pending arbitration reference showed that the claim was contractually disputed, so insolvency proceedings could not be used to resolve that controversy. The challenge based on natural justice also failed because the maintainability note was confined to the Section 9 objection, no undisclosed merits determination was made, and no prejudice was shown. The appeal therefore failed on both the existence of a genuine dispute and the absence of procedural unfairness. Case-Laws IBC Fri, 10 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789733