https://www.taxtmi.com/caselaws?id=769157 NCLAT allowed appeal, dismissing Section 9 application filed by operational creditor. Court held that interest cannot be claimed as part of operational debt without explicit agreement between parties, unlike financial debt which expressly includes interest under the Code. Adjudicating Authority erred in accepting interest component based solely on invoice terms without underlying agreement. Since interest claim was unsustainable and remaining principal amount fell below threshold, application was dismissed. Deposited amount released to creditor for principal liability discharge. en-us Wed, 16 Apr 2025 00:00:00 +0530 Mon, 21 Apr 2025 08:41:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769157 NCLAT allowed appeal, dismissing Section 9 application filed by operational creditor. Court held that interest cannot be claimed as part of operational debt without explicit agreement between parties, unlike financial debt which expressly includes interest under the Code. Adjudicating Authority erred in accepting interest component based solely on invoice terms without underlying agreement. Since interest claim was unsustainable and remaining principal amount fell below threshold, application was dismissed. Deposited amount released to creditor for principal liability discharge. Case-Laws IBC Wed, 16 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769157