https://www.taxtmi.com/caselaws?id=399302 The tribunal dismissed the application for initiating Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor as the principal amount was deposited with the Registrar, NCLT, and there was no default of operational debt. The Operational Creditor was advised to pursue the recovery of interest separately through legal channels. The main application was dismissed, and the Operational Creditor was permitted to collect the deposited demand draft from the Registrar, NCLT. en-us Mon, 06 Jul 2020 00:00:00 +0530 Thu, 08 Oct 2020 11:44:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399302 The tribunal dismissed the application for initiating Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor as the principal amount was deposited with the Registrar, NCLT, and there was no default of operational debt. The Operational Creditor was advised to pursue the recovery of interest separately through legal channels. The main application was dismissed, and the Operational Creditor was permitted to collect the deposited demand draft from the Registrar, NCLT. Case-Laws Insolvency and Bankruptcy Mon, 06 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399302