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IBC - Highlights / Catch Notes

Home Highlights August 2020 Year 2020 This

Initiation of CIRP - the outstanding amount is towards interest ...

Case Laws     Insolvency and Bankruptcy

August 25, 2020

Initiation of CIRP - the outstanding amount is towards interest on the delayed payments, for which there was a pre-existing dispute, before issuance of demand notice. The alleged claim amount, towards interest on loan alone, cannot be termed as an “Operational Debt‟ - AT

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