https://www.taxtmi.com/caselaws?id=795397 An operational creditor's Section 9 insolvency application may proceed where the corporate debtor admits a running account and liability above the statutory threshold, while alleged disputes are unsupported or inconsistent with continued transactions. Unspecified payments may be appropriated in the running account on a first-in-first-out basis; financier records alone do not establish invoice-specific payment instructions. Short-supply debit notes unrelated to the claimed goods and a belated Section 10A defence do not establish a bona fide pre-existing dispute. Additional documents may be accepted before final order where filed to clarify payment-related material and already known to the opposing party. The rejection of the insolvency application was legally unsustainable. en-us Fri, 03 Jul 2026 00:00:00 +0530 Wed, 22 Jul 2026 08:48:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795397 An operational creditor's Section 9 insolvency application may proceed where the corporate debtor admits a running account and liability above the statutory threshold, while alleged disputes are unsupported or inconsistent with continued transactions. Unspecified payments may be appropriated in the running account on a first-in-first-out basis; financier records alone do not establish invoice-specific payment instructions. Short-supply debit notes unrelated to the claimed goods and a belated Section 10A defence do not establish a bona fide pre-existing dispute. Additional documents may be accepted before final order where filed to clarify payment-related material and already known to the opposing party. The rejection of the insolvency application was legally unsustainable. Case-Laws IBC Fri, 03 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795397