https://www.taxtmi.com/caselaws?id=790213 A section 9 insolvency petition is maintainable only where the operational debt attributable to the corporate debtor independently meets the statutory pecuniary threshold under section 4 of the Insolvency and Bankruptcy Code, 2016. Amounts due to a separate proprietorship concern cannot be clubbed with the corporate debtor's liability to satisfy that threshold. On the material considered, the invoices and ledger entries showed that most of the claim related to the proprietorship, while the corporate debtor's own liability remained below the prescribed limit. The absence of a pre-existing dispute did not cure the deficiency. The petition was therefore not maintainable. en-us Tue, 21 Apr 2026 00:00:00 +0530 Wed, 22 Apr 2026 08:47:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790213 A section 9 insolvency petition is maintainable only where the operational debt attributable to the corporate debtor independently meets the statutory pecuniary threshold under section 4 of the Insolvency and Bankruptcy Code, 2016. Amounts due to a separate proprietorship concern cannot be clubbed with the corporate debtor's liability to satisfy that threshold. On the material considered, the invoices and ledger entries showed that most of the claim related to the proprietorship, while the corporate debtor's own liability remained below the prescribed limit. The absence of a pre-existing dispute did not cure the deficiency. The petition was therefore not maintainable. Case-Laws IBC Tue, 21 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790213