https://www.taxtmi.com/caselaws?id=289771 The appeal under Section 9 of the Insolvency and Bankruptcy Code was rejected by the Adjudicating Authority due to the absence of debt payable and default. Despite the Corporate Debtor clearing the total debt, the pursuit of an additional interest amount was deemed malicious and against the I&B Code's principles. The Tribunal dismissed the appeal, emphasizing the prohibition on realizing interest beyond insolvency resolution or liquidation under Section 65 of the I&B Code. The unilateral raising of invoices without consent was also considered invalid. en-us Wed, 13 Nov 2019 00:00:00 +0530 Fri, 21 Aug 2020 09:57:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289771 The appeal under Section 9 of the Insolvency and Bankruptcy Code was rejected by the Adjudicating Authority due to the absence of debt payable and default. Despite the Corporate Debtor clearing the total debt, the pursuit of an additional interest amount was deemed malicious and against the I&B Code's principles. The Tribunal dismissed the appeal, emphasizing the prohibition on realizing interest beyond insolvency resolution or liquidation under Section 65 of the I&B Code. The unilateral raising of invoices without consent was also considered invalid. Case-Laws Insolvency and Bankruptcy Wed, 13 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289771