Operational creditors cannot claim interest without prior agreement with corporate debtor:NCLAT, ET LegalWorld
The National Company Law Appellate Tribunal (NCLAT) has held that invoices that have been sent by the Operational Creditor containing the term of interest cannot be operated against the Corporate Debtor unless there is an agreement for interest or any other document showing that the Corporate Debtor has accepted the obligation for interest. The appellate […]