IBCArticle·11 July 2026
NCLT counts Interest towards IBC threshold
By J the App
Executive Summary
Rejecting the Corporate Debtor's objection that only the principal amount should be considered for determining the statutory threshold, the Tribunal held that where delayed payment interest forms part of the contractual arrangement and remains undisputed, such interest constitutes part of the operational debt. Since the aggregate principal and interest exceeded ₹1 crore, the insolvency application was held to be maintainable.
Domain | Regulatory | IBC
Background
The Operational Creditor had provided a...
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