https://www.taxtmi.com/caselaws?id=798633 Pre-existing disputes concerning an alleged operational debt prevent initiation of CIRP under Section 9 where they arose before the Section 8 demand notice. A legal notice denying the underlying purchase orders and supplies, allegations of fraudulent transactions, related complaints, and Information Utility records identifying the debt as disputed may demonstrate a genuine dispute. Where objections concern the genuineness of purchase orders, invoices, deliveries and payments, and require detailed factual determination in civil proceedings, they cannot be resolved through summary insolvency proceedings. The Section 9 application is consequently barred where the dispute is not spurious or illusory. en-us Tue, 08 Sep 2026 00:00:00 +0530 Thu, 10 Sep 2026 08:51:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798633 Pre-existing disputes concerning an alleged operational debt prevent initiation of CIRP under Section 9 where they arose before the Section 8 demand notice. A legal notice denying the underlying purchase orders and supplies, allegations of fraudulent transactions, related complaints, and Information Utility records identifying the debt as disputed may demonstrate a genuine dispute. Where objections concern the genuineness of purchase orders, invoices, deliveries and payments, and require detailed factual determination in civil proceedings, they cannot be resolved through summary insolvency proceedings. The Section 9 application is consequently barred where the dispute is not spurious or illusory. Case-Laws IBC Tue, 08 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798633