Interest Claim Invalid Without Agreement, No Basis for 24% Demand in Insolvency Application.

Interest Claim Invalid Without Agreement, No Basis for 24% Demand in Insolvency Application. https://www.taxtmi.com/highlights?id=46340 Operational debt - claim of interest on the basis of terms mentioned in the Invoice - Especially when the applicant has not entered into any agreement regarding payment of interest, claim of the applicant for 24% interest per annum does not hold valid ground to file the instant application. en-us Wed, 08 May 2019 07:21:19 +0530 Wed, 08 May 2019 07:21:19 +0530 TaxTMI RSS Generator Interest Claim Invalid Without Agreement, No Basis for 24% Demand in Insolvency Application. https://www.taxtmi.com/highlights?id=46340 Operational debt - claim of interest on the basis of terms mentioned in the Invoice - Especially when the applicant has not entered into any agreement regarding payment of interest, claim of the applicant for 24% interest per annum does not hold valid ground to file the instant application. Highlights Insolvency and Bankruptcy Wed, 08 May 2019 07:21:19 +0530 https://www.taxtmi.com/highlights?id=46340