NCLAT: In Absence of Express Agreement between Parties Authority Can’t Assume Appl. of Interest - (21 Apr 2025)
INSOLVENCY
NCLAT New Delhi bench has held that unless there is a specific contract between the parties the Adjudicating Authority cannot presume the applicability of interest on the principal amount while deciding an application under Section 9 of the Insolvency and Bankruptcy Code, 2016.
Tags : NCLAT NEW DELHI EXPRESS AGREEMENT ADJUDICATING AUTHORITY
Share : 
|