https://www.taxtmi.com/caselaws?id=468474 Admission of a Section 9 insolvency application was upheld where the corporate debtor had admitted a debt above the statutory threshold. At the admission stage, the adjudicating authority was not required to determine the final correct quantum of debt, because that question could be examined later during collation of claims by the resolution professional. Since the admitted amount satisfied the threshold requirement, no error was found in the admission order, and the challenge failed. en-us Tue, 18 Apr 2023 00:00:00 +0530 Fri, 08 May 2026 11:45:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468474 Admission of a Section 9 insolvency application was upheld where the corporate debtor had admitted a debt above the statutory threshold. At the admission stage, the adjudicating authority was not required to determine the final correct quantum of debt, because that question could be examined later during collation of claims by the resolution professional. Since the admitted amount satisfied the threshold requirement, no error was found in the admission order, and the challenge failed. Case-Laws IBC Tue, 18 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468474