https://www.taxtmi.com/caselaws?id=283818 The National Company Law Tribunal in New Delhi dismissed the application under section 9 of the Insolvency and Bankruptcy Code, 2016, seeking Corporate Insolvency resolution against a corporate debtor. The dispute over unpaid invoices and interest claim was resolved as the respondent had paid the principal amount, leaving only the interest in dispute. The claim dating back to 2012 was considered beyond the limitation period, leading to the dismissal of the petition. The judgment clarified that the interest amount did not qualify as operational debt under the Code. en-us Mon, 17 Dec 2018 00:00:00 +0530 Tue, 15 Oct 2019 11:01:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283818 The National Company Law Tribunal in New Delhi dismissed the application under section 9 of the Insolvency and Bankruptcy Code, 2016, seeking Corporate Insolvency resolution against a corporate debtor. The dispute over unpaid invoices and interest claim was resolved as the respondent had paid the principal amount, leaving only the interest in dispute. The claim dating back to 2012 was considered beyond the limitation period, leading to the dismissal of the petition. The judgment clarified that the interest amount did not qualify as operational debt under the Code. Case-Laws Insolvency and Bankruptcy Mon, 17 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283818