https://www.taxtmi.com/caselaws?id=470425 An operational creditor's insolvency application may be rejected only if a genuine dispute existed before the demand notice, based on a plausible contention requiring investigation rather than a spurious, hypothetical or illusory claim. An acknowledged principal invoice amount, a quality complaint resolved through a credit note, and a post-demand debit note did not establish a subsisting dispute. Accepted invoice terms supported delayed-payment interest as operational debt. A police complaint based on a corrected demand and a subsequently filed civil suit also could not evidence a pre-existing dispute. The notes conclude that operational debt and default were established. en-us Tue, 11 Feb 2025 00:00:00 +0530 Mon, 27 Jul 2026 19:07:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470425 An operational creditor's insolvency application may be rejected only if a genuine dispute existed before the demand notice, based on a plausible contention requiring investigation rather than a spurious, hypothetical or illusory claim. An acknowledged principal invoice amount, a quality complaint resolved through a credit note, and a post-demand debit note did not establish a subsisting dispute. Accepted invoice terms supported delayed-payment interest as operational debt. A police complaint based on a corrected demand and a subsequently filed civil suit also could not evidence a pre-existing dispute. The notes conclude that operational debt and default were established. Case-Laws IBC Tue, 11 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470425