https://www.taxtmi.com/caselaws?id=768601 NCLAT dismissed appeal challenging rejection of Section 9 application under Insolvency and Bankruptcy Code, 2016. Appellant failed to meet Rs. 1 crore threshold as interest component added to principal amount was based on unsigned invoice, constituting unilateral document. Court held interest from unsigned invoices cannot be recovered, citing precedents including S.S Polymers case. Principal debt alone was below statutory threshold. NCLAT ruled application was filed beyond limitation period and below minimum amount, making it non-maintainable under the Code. en-us Fri, 04 Apr 2025 00:00:00 +0530 Thu, 10 Apr 2025 08:32:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768601 NCLAT dismissed appeal challenging rejection of Section 9 application under Insolvency and Bankruptcy Code, 2016. Appellant failed to meet Rs. 1 crore threshold as interest component added to principal amount was based on unsigned invoice, constituting unilateral document. Court held interest from unsigned invoices cannot be recovered, citing precedents including S.S Polymers case. Principal debt alone was below statutory threshold. NCLAT ruled application was filed beyond limitation period and below minimum amount, making it non-maintainable under the Code. Case-Laws IBC Fri, 04 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768601