https://www.taxtmi.com/caselaws?id=797654 Rule 11 of the NCLAT Rules preserves inherent powers but does not permit reopening a final insolvency determination merely to reassess facts and alter interest already fixed through judicial discretion. In Section 7 insolvency proceedings, contractual terms generally bind parties, yet relief must advance resolution rather than transform completed proceedings into recovery of disputed enhanced default interest. Where principal and substantial interest have been repaid, a contractual default rate of 3% per month may be disproportionate to the balance claim. Liberty to seek modification does not independently establish entitlement, and the judicially fixed 9% annual interest remains applicable. en-us Mon, 24 Aug 2026 00:00:00 +0530 Wed, 26 Aug 2026 08:27:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797654 Rule 11 of the NCLAT Rules preserves inherent powers but does not permit reopening a final insolvency determination merely to reassess facts and alter interest already fixed through judicial discretion. In Section 7 insolvency proceedings, contractual terms generally bind parties, yet relief must advance resolution rather than transform completed proceedings into recovery of disputed enhanced default interest. Where principal and substantial interest have been repaid, a contractual default rate of 3% per month may be disproportionate to the balance claim. Liberty to seek modification does not independently establish entitlement, and the judicially fixed 9% annual interest remains applicable. Case-Laws IBC Mon, 24 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797654