The National Company Law Appellate Tribunal(NCLAT), New Delhi has held that claim amount towards Interest on loan alone, cannot be termed as an ‘Operational Debt.’ The appeal came out from the order requested by the appellant M/s Steel India to initiate Corporate Insolvency Resolution Process (CIRP) against the corporate debtor M/s Theme Developers Pvt. Ltd. […]
The post Interest alone cannot be construed as Operational Debt: NCLAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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