https://www.taxtmi.com/caselaws?id=790768 A Section 9 insolvency application may be rejected where the corporate debtor has raised a genuine pre-existing dispute before the demand notice. The work order and invoices were specifically challenged on quality and performance, excess billing, supporting documents, set-offs, statutory compliance, and reconciliation of accounts, and the default reflected in the Information Utility record was also disputed. Applying Sections 8 and 9 of the Insolvency and Bankruptcy Code, 2016, the adjudicating authority was required only to see whether a plausible contention needing further investigation existed. As the dispute was real and not spurious, hypothetical, or illusory, the operational debt was not treated as crystallised for admission purposes. en-us Tue, 28 Apr 2026 00:00:00 +0530 Thu, 30 Apr 2026 07:19:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790768 A Section 9 insolvency application may be rejected where the corporate debtor has raised a genuine pre-existing dispute before the demand notice. The work order and invoices were specifically challenged on quality and performance, excess billing, supporting documents, set-offs, statutory compliance, and reconciliation of accounts, and the default reflected in the Information Utility record was also disputed. Applying Sections 8 and 9 of the Insolvency and Bankruptcy Code, 2016, the adjudicating authority was required only to see whether a plausible contention needing further investigation existed. As the dispute was real and not spurious, hypothetical, or illusory, the operational debt was not treated as crystallised for admission purposes. Case-Laws IBC Tue, 28 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790768