Sec 9 IBC plea for payment of interest dismissed by NCLT in view of dispute on existence of debt

Sec 9 IBC plea for payment of interest dismissed by NCLT in view of dispute on existence of debt
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The National Company Law Tribunal (NCLT), Mumbai Bench has recently dismissed a Section 9 Insolvency and Bankruptcy Code, 2016 (IBC) plea seeking payment of interest on principal amount on the ground that there was a pre-existing dispute between the parties with respect to  existence of the amount of debt.

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