https://www.taxtmi.com/caselaws?id=471575 Commencement of the corporate insolvency resolution process on an operational creditor's application requires proof of operational debt and default, compliance with demand-notice requirements, an affidavit confirming no dispute, and supporting records. Invoices, purchase orders and ledger accounts may establish unpaid liability where it exceeds the statutory threshold. Dealings involving a corporate debtor's parent company and the creditor's sister concern do not negate the debtor's liability for its own transactions. Failure to reply to the demand notice supports the absence of a dispute and establishment of default. en-us Wed, 19 Jan 2022 00:00:00 +0530 Wed, 09 Sep 2026 18:20:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471575 Commencement of the corporate insolvency resolution process on an operational creditor's application requires proof of operational debt and default, compliance with demand-notice requirements, an affidavit confirming no dispute, and supporting records. Invoices, purchase orders and ledger accounts may establish unpaid liability where it exceeds the statutory threshold. Dealings involving a corporate debtor's parent company and the creditor's sister concern do not negate the debtor's liability for its own transactions. Failure to reply to the demand notice supports the absence of a dispute and establishment of default. Case-Laws IBC Wed, 19 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471575