Insolvency and Bankruptcy Code, 2016 — Section 9 — Corporate Insolvency Resolution Process (CIRP) — Application by Operational Creditor — Pre-existing Dispute — Adjudicating authority must determine if operational debt exists, if non-payment has occurred, and if a dispute existed prior to the demand notice (Section 8) — Dispute must be genuine, substantial, and not spurious, hypothetical, or illusory (mere ‘moonshine’ or ‘bluster’) — Court is not required to examine the merits of the dispute or satisfy itself that the defence is likely to succeed. (Paras 15, 16, 19)
2025 INSC 1410 SUPREME COURT OF INDIA DIVISION BENCH M/S. SARASWATI WIRE AND CABLE INDUSTRIES Vs. MOHAMMAD MOINUDDIN KHAN AND OTHERS ( Before : Sanjay Kumar and Alok Aradhe, JJ.…



