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

Aditi Singh October 8 2019
DHFL insolvency plea by RBI

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 . . .

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