9911796707
TMI Blog2024 (11) TMI 1411X X X X Extracts X X X X X X X X Extracts X X X X ..... editor is entitled to claim interest at the rate of 24% per annum on the outstanding amount from the Corporate Debtor or not - HELD THAT:- The Clause 9 cannot be read as any obligation for payment of interest by the Corporate Debtor. It is true that the Operational Creditor did not accept the offer for settlement but entire Principal Amount being already paid, as claimed in Part IV, nothing surviv ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... for a Section 9 application. Appeal dismissed. - JUSTICE ASHOK BHUSHAN, CHAIRPERSON, BARUN MITRA, MEMBER (TECHNICAL) AND ARUN BAROKA, MEMBER (TECHNICAL) For the Appellant : Mr. Vishwanathan Iyer, Advocate. For the Respondent : Mr. Navin Kr. Pawa, Sr. Advocate with Mr. Mahesh Agarwal, Mr. Rohan Talwar, Mr. Naman Agarwal, Advocates for R-1. ORDER Heard learned counsel for the Appellant as well as ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... within 30 days from the date of Invoice. Therefore, the date of default is 31 Day from the date of respective invoice as stated (and annexed) in para 1 of Part IV of this application. Due dates are represented in the computation annexed as ANNEXURE 1. 3. The Adjudicating Authority in the order has noticed that amount of Rs. 1,88,51,361/- has been paid to the Operational Creditor which was towards ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ought by the Appellant on record dated 11.12.2018 in Clause 9, which has been referred to by the Appellant, provides as follows: 9) Monthly Billing Payment: Monthly bills/invoice shall be raised for the previous month by the day of the following month and the payment will be released within 10 days from the date of certification. The bills/invoice shall be duly certified by Sadbhav Engineering Ltd ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
