https://www.taxtmi.com/caselaws?id=796369 Insolvency proceedings based on an operational creditor's application cannot continue where the claimed debt has been fully settled, the creditor consents to reversal of admission, and no other creditor claim remains unpaid. A genuine dispute over transportation-charge billing, including the distance measurements used for invoicing, existed before the statutory demand notice and independently precluded sustaining the application. The only other claim received during the process, for provident-fund dues, was also discharged in full. The insolvency application therefore lacked any subsisting creditor claim requiring continuation of the process. en-us Mon, 03 Aug 2026 00:00:00 +0530 Wed, 05 Aug 2026 08:48:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796369 Insolvency proceedings based on an operational creditor's application cannot continue where the claimed debt has been fully settled, the creditor consents to reversal of admission, and no other creditor claim remains unpaid. A genuine dispute over transportation-charge billing, including the distance measurements used for invoicing, existed before the statutory demand notice and independently precluded sustaining the application. The only other claim received during the process, for provident-fund dues, was also discharged in full. The insolvency application therefore lacked any subsisting creditor claim requiring continuation of the process. Case-Laws IBC Mon, 03 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796369