https://www.taxtmi.com/highlights?id=98956 Interest stated only in invoices, without a contractual term or established mutual acceptance, was held not to form part of the enforceable operational debt. The Appellate Tribunal treated the invoice clause as a unilateral stipulation, excluded the interest component from the debt computation, and found that only the admitted principal remained below the statutory threshold for a Section 9 application. It further held that the corporate debtor's denial of liability to pay interest created a live pre-existing dispute, which could not be decided in summary insolvency proceedings. The insolvency application was therefore not maintainable. en-us Mon, 20 Apr 2026 08:30:26 +0530 Mon, 20 Apr 2026 08:30:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=98956 Interest stated only in invoices, without a contractual term or established mutual acceptance, was held not to form part of the enforceable operational debt. The Appellate Tribunal treated the invoice clause as a unilateral stipulation, excluded the interest component from the debt computation, and found that only the admitted principal remained below the statutory threshold for a Section 9 application. It further held that the corporate debtor's denial of liability to pay interest created a live pre-existing dispute, which could not be decided in summary insolvency proceedings. The insolvency application was therefore not maintainable. Highlights IBC Mon, 20 Apr 2026 08:30:26 +0530 https://www.taxtmi.com/highlights?id=98956