https://www.taxtmi.com/caselaws?id=794882 For admission of a Section 7 application under the Insolvency and Bankruptcy Code, 2016, financial debt may include interest payable on inter-corporate deposits where the arrangement reflects consideration for the time value of money. The analysis explains that an oral interest understanding may be established through accrued-interest calculations, TDS deduction and payment, partial repayments, and the corporate debtor's written acknowledgment of total outstanding dues. Absence of a written interest agreement does not, by itself, exclude legally payable interest. The total debt, including interest, must therefore be assessed to determine whether default exceeds the statutory threshold. en-us Mon, 13 Jul 2026 00:00:00 +0530 Tue, 14 Jul 2026 08:26:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794882 For admission of a Section 7 application under the Insolvency and Bankruptcy Code, 2016, financial debt may include interest payable on inter-corporate deposits where the arrangement reflects consideration for the time value of money. The analysis explains that an oral interest understanding may be established through accrued-interest calculations, TDS deduction and payment, partial repayments, and the corporate debtor's written acknowledgment of total outstanding dues. Absence of a written interest agreement does not, by itself, exclude legally payable interest. The total debt, including interest, must therefore be assessed to determine whether default exceeds the statutory threshold. Case-Laws IBC Mon, 13 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794882