https://www.taxtmi.com/caselaws?id=438090 The National Company Law Tribunal, Bengaluru Bench, dismissed the Application under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by an 'Operational Creditor' against the 'Corporate Debtor' as the Principal Amount had been paid, rendering the petition not maintainable for interest recovery. The subsequent Appeal, accompanied by a request for Condonation of Delay of 15 days, was dismissed by the Appellate Tribunal due to insufficient cause shown for the delay in filing. The Appeal was consequently dismissed as not duly constituted, with no costs awarded. en-us Thu, 04 May 2023 00:00:00 +0530 Tue, 23 May 2023 08:12:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438090 The National Company Law Tribunal, Bengaluru Bench, dismissed the Application under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by an 'Operational Creditor' against the 'Corporate Debtor' as the Principal Amount had been paid, rendering the petition not maintainable for interest recovery. The subsequent Appeal, accompanied by a request for Condonation of Delay of 15 days, was dismissed by the Appellate Tribunal due to insufficient cause shown for the delay in filing. The Appeal was consequently dismissed as not duly constituted, with no costs awarded. Case-Laws Insolvency and Bankruptcy Thu, 04 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438090