https://www.taxtmi.com/caselaws?id=468403 A party to a joint development or joint venture arrangement is not an operational creditor merely because the project structure may involve construction activity or tax treatment associated with services. The decisive question is whether the claim arises from a real supply of goods or services by one party to the other; here, the claim stemmed from the common project itself, not from an independent operational debt. The Section 9 insolvency application was therefore not maintainable, and the insolvency rejection was upheld. en-us Mon, 25 Nov 2019 00:00:00 +0530 Tue, 05 May 2026 11:54:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468403 A party to a joint development or joint venture arrangement is not an operational creditor merely because the project structure may involve construction activity or tax treatment associated with services. The decisive question is whether the claim arises from a real supply of goods or services by one party to the other; here, the claim stemmed from the common project itself, not from an independent operational debt. The Section 9 insolvency application was therefore not maintainable, and the insolvency rejection was upheld. Case-Laws IBC Mon, 25 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468403