https://www.taxtmi.com/caselaws?id=788099 A financial creditor claiming interest on an unsecured loan in insolvency proceedings must substantiate that entitlement with contractual or documentary evidence; balance-sheet entries alone do not establish a right to interest. A board resolution concerning another promoter's separate claim could not support the appellants' request, because claim collation is an administrative exercise based on material placed before the resolution professional. On that basis, the claim was admitted only to the principal amount and the challenge to rejection of the interest component was not interfered with. en-us Mon, 16 Mar 2026 00:00:00 +0530 Tue, 17 Mar 2026 08:23:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788099 A financial creditor claiming interest on an unsecured loan in insolvency proceedings must substantiate that entitlement with contractual or documentary evidence; balance-sheet entries alone do not establish a right to interest. A board resolution concerning another promoter's separate claim could not support the appellants' request, because claim collation is an administrative exercise based on material placed before the resolution professional. On that basis, the claim was admitted only to the principal amount and the challenge to rejection of the interest component was not interfered with. Case-Laws IBC Mon, 16 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788099