Sec 9 IBC plea for payment of interest dismissed by NCLT in view of dispute on existence of debtOctober 8 2019
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.
The order was passed by a two-member bench of Member (Judicial) Bhaskara Pantula Mohan and Member (Technical) V Nallasenapathy.
A Section 9 IBC plea was filed . . .
This content is restricted to subscribers
With a premium account you get:
- One year of unrestrcited access to previous interviews, columns and articles
- One year access to all archival material
- Access to all Bar & Bench reports