https://www.taxtmi.com/caselaws?id=799263 Effective delivery of a demand notice to the corporate debtor's registered office by private courier, supported by tracking details, constitutes substantial compliance with the notice requirement. For foreign-currency claims, conversion at the exchange rate prevailing on the demand-notice date may establish that admitted unpaid advances exceed the statutory threshold. Damages correspondence relating to a separate consignment does not create a genuine pre-existing dispute over admitted advances where the debtor acknowledged receipt, undertook repayment, and neither supplied goods nor refunded the money. Claimed solvency does not itself defeat a Section 9 application where operational debt, default, valid notice, and absence of a genuine dispute are established. Full payment before admission can prevent commencement of the insolvency process. en-us Thu, 17 Sep 2026 00:00:00 +0530 Sat, 19 Sep 2026 08:20:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799263 Effective delivery of a demand notice to the corporate debtor's registered office by private courier, supported by tracking details, constitutes substantial compliance with the notice requirement. For foreign-currency claims, conversion at the exchange rate prevailing on the demand-notice date may establish that admitted unpaid advances exceed the statutory threshold. Damages correspondence relating to a separate consignment does not create a genuine pre-existing dispute over admitted advances where the debtor acknowledged receipt, undertook repayment, and neither supplied goods nor refunded the money. Claimed solvency does not itself defeat a Section 9 application where operational debt, default, valid notice, and absence of a genuine dispute are established. Full payment before admission can prevent commencement of the insolvency process. Case-Laws IBC Thu, 17 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799263