https://www.taxtmi.com/caselaws?id=791241 A Section 9 insolvency application must be rejected where the material shows a real and bona fide dispute existing before the statutory demand notice. Here, contemporaneous correspondence during execution of the works recorded complaints about delay, incomplete performance, defective workmanship, quantity discrepancies, liquidated damages, and statutory dues, while the applicant's own extension requests showed unresolved performance issues before notice. Interim certification of running account bills was not treated as a final admission of liability because the contract preserved final satisfaction, deductions for delay, and the employer's right to withhold payment. The insolvency application was therefore correctly dismissed as the dispute fell outside summary insolvency adjudication. en-us Wed, 06 May 2026 00:00:00 +0530 Fri, 08 May 2026 07:29:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791241 A Section 9 insolvency application must be rejected where the material shows a real and bona fide dispute existing before the statutory demand notice. Here, contemporaneous correspondence during execution of the works recorded complaints about delay, incomplete performance, defective workmanship, quantity discrepancies, liquidated damages, and statutory dues, while the applicant's own extension requests showed unresolved performance issues before notice. Interim certification of running account bills was not treated as a final admission of liability because the contract preserved final satisfaction, deductions for delay, and the employer's right to withhold payment. The insolvency application was therefore correctly dismissed as the dispute fell outside summary insolvency adjudication. Case-Laws IBC Wed, 06 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791241