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TMI Blog2024 (5) TMI 1449X X X X Extracts X X X X X X X X Extracts X X X X ..... to interfere with the impugned judgment dated 21.11.2023 passed by the National Company Law Appellate Tribunal, fixing the rate of interest at 14.85% per annum. This determination has been made after considering several facts and taking a holistic picture. It is clear that the Resolution Professional has to undertake the exercise to verify and compute the principal amount payable by the Corporate ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Adv. Ms. Megha Dugar, Adv. Mr. Rahil Shah, Adv. Mr. Raghav Agrawal, Adv. Mr. Dhruv Sharma, Adv. M/s. Karanjawala Co., AOR Mr. Mukul Rohatgi, Sr. Adv. Mr. Vinayak Bhandari, Adv. Mr. Arnav Narain, AOR Ms. Misha Rohatgi, Adv. Ms. Teesta Mishra, Adv. Ms. Jaisal, Adv. Ms. Bhavi Vora, Adv. ORDER Civil Appeal Nos. 1705-1707 of 2024 I.A. no. 111767/2024 seeking intervention is allowed. We have heard learn ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he aggregate of claims which has been admitted by Resolution Professional in accordance with the Code and the CIRP, Regulations, 2016. The Correct amount of claim of ARCIL was dependent on determination of the rate of interest. The Resolution Professional has admitted the claim on the basis of rate of interest @ 22%.( ) XXX XXX XXX 32. ( ) We are, thus, of the view that redetermination of claim of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... set Reconstruction Company (India) Limited. We are informed that the Resolution Plan has already been approved by the Committee of Creditors. We clarify that the re-working/verification in terms of the impugned judgment may not have any impact on the Resolution Plan or its implementation. It may have the effect of re-determination of the amount payable inter-se the similar class of creditors. Howe ..... X X X X Extracts X X X X X X X X Extracts X X X X
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