https://www.taxtmi.com/caselaws?id=387016 The Tribunal held that the Corporate Debtor was obligated to pay Maturity Premium to the Financial Creditor even before the maturity period completion, as agreed in the debenture agreement. The Resolution Professional was directed to include the Maturity Premium in the claim. However, the Tribunal clarified that Default Interest could only be claimed on defaulted amounts, leading to the rejection of part of the Default Interest claim. The decision underscored the importance of upholding contractual obligations and ruled in favor of the Financial Creditor regarding the entitlement to Maturity Premium and a portion of Default Interest. en-us Fri, 12 Jul 2019 00:00:00 +0530 Tue, 15 Oct 2019 12:06:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387016 The Tribunal held that the Corporate Debtor was obligated to pay Maturity Premium to the Financial Creditor even before the maturity period completion, as agreed in the debenture agreement. The Resolution Professional was directed to include the Maturity Premium in the claim. However, the Tribunal clarified that Default Interest could only be claimed on defaulted amounts, leading to the rejection of part of the Default Interest claim. The decision underscored the importance of upholding contractual obligations and ruled in favor of the Financial Creditor regarding the entitlement to Maturity Premium and a portion of Default Interest. Case-Laws Insolvency and Bankruptcy Fri, 12 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387016