https://www.taxtmi.com/caselaws?id=783228 NCLAT upheld the Adjudicating Authority's dismissal of the operational creditor's Section 9 IBC application for failing to meet the statutory threshold under Section 4. The Appellant contended that, even after excluding invoices falling within the Section 10A suspension period, the outstanding principal and interest exceeded Rs. 1 crore. NCLAT found the revised computation defective: interest was calculated on a straight-line basis for 36 months without invoice-wise correlation, period-wise breakup, or clear exclusion of Section 10A-period invoices. As the supporting invoice dated 21.05.2024 lacked clarity and could not reliably establish that the claim crossed the threshold, the dismissal of the Section 9 application and the appeal was affirmed. en-us Wed, 10 Dec 2025 00:00:00 +0530 Thu, 11 Dec 2025 15:22:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783228 NCLAT upheld the Adjudicating Authority's dismissal of the operational creditor's Section 9 IBC application for failing to meet the statutory threshold under Section 4. The Appellant contended that, even after excluding invoices falling within the Section 10A suspension period, the outstanding principal and interest exceeded Rs. 1 crore. NCLAT found the revised computation defective: interest was calculated on a straight-line basis for 36 months without invoice-wise correlation, period-wise breakup, or clear exclusion of Section 10A-period invoices. As the supporting invoice dated 21.05.2024 lacked clarity and could not reliably establish that the claim crossed the threshold, the dismissal of the Section 9 application and the appeal was affirmed. Case-Laws IBC Wed, 10 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783228