https://www.taxtmi.com/caselaws?id=776386 The NCLAT dismissed the appeal seeking 18% interest on delayed lease rent payments during the CIRP period. The Lease Deed provided for a 5% annual rent enhancement but did not stipulate interest on delayed payments. The tribunal held that unilateral inclusion of interest in invoices without acceptance or payment by the corporate debtor (CD) is ineffective. Prior rulings confirmed interest claims require either contractual provision or conduct evidencing acceptance. The CIRP cost claim including 18% interest was also rejected as the Lease Deed had expired before CIRP commencement. The appeal lacked merit and was dismissed. en-us Wed, 06 Aug 2025 00:00:00 +0530 Sat, 09 Aug 2025 09:32:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776386 The NCLAT dismissed the appeal seeking 18% interest on delayed lease rent payments during the CIRP period. The Lease Deed provided for a 5% annual rent enhancement but did not stipulate interest on delayed payments. The tribunal held that unilateral inclusion of interest in invoices without acceptance or payment by the corporate debtor (CD) is ineffective. Prior rulings confirmed interest claims require either contractual provision or conduct evidencing acceptance. The CIRP cost claim including 18% interest was also rejected as the Lease Deed had expired before CIRP commencement. The appeal lacked merit and was dismissed. Case-Laws IBC Wed, 06 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776386