https://www.taxtmi.com/caselaws?id=791565 A section 9 insolvency petition is maintainable where the creditor shows an unpaid operational debt and the debtor's objections do not amount to a genuine, pre-existing dispute supported by contemporaneous material. Here, correspondence on delivery delay, defects, deductions and account reconciliation did not displace the debtor's own consequence sheet and later communication acknowledging a payable amount, which established admitted liability above the statutory threshold. The Tribunal therefore treated the quality and delay objections as insufficient to bar admission of the petition, because the dispute was not bona fide in the face of the debtor's own computation and acknowledgment. en-us Mon, 11 May 2026 00:00:00 +0530 Wed, 13 May 2026 13:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791565 A section 9 insolvency petition is maintainable where the creditor shows an unpaid operational debt and the debtor's objections do not amount to a genuine, pre-existing dispute supported by contemporaneous material. Here, correspondence on delivery delay, defects, deductions and account reconciliation did not displace the debtor's own consequence sheet and later communication acknowledging a payable amount, which established admitted liability above the statutory threshold. The Tribunal therefore treated the quality and delay objections as insufficient to bar admission of the petition, because the dispute was not bona fide in the face of the debtor's own computation and acknowledgment. Case-Laws IBC Mon, 11 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791565