https://www.taxtmi.com/caselaws?id=792479 Maintainability of a Section 9 insolvency application can fail where a pre-existing dispute exists and the claimed debt does not satisfy the statutory threshold. Unilateral invoice interest cannot be added to the operational debt unless it is contractually accepted, so the converted application did not cross the Rs. 1 crore limit. The Supreme Court declined to interfere with the NCLAT's order, while keeping any question of law open. The Tribunal was also directed to release the previously ordered deposit to the operational creditor with compound interest at 12% from 04.04.2006 within 30 days, with each party bearing its own costs. en-us Mon, 27 Apr 2026 00:00:00 +0530 Fri, 29 May 2026 08:59:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792479 Maintainability of a Section 9 insolvency application can fail where a pre-existing dispute exists and the claimed debt does not satisfy the statutory threshold. Unilateral invoice interest cannot be added to the operational debt unless it is contractually accepted, so the converted application did not cross the Rs. 1 crore limit. The Supreme Court declined to interfere with the NCLAT's order, while keeping any question of law open. The Tribunal was also directed to release the previously ordered deposit to the operational creditor with compound interest at 12% from 04.04.2006 within 30 days, with each party bearing its own costs. Case-Laws IBC Mon, 27 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792479