Principal And Interest Amount Cannot Be Clubbed To Reach The Minimum Threshold Of Rs. 1 Crore U/S 4, IBC; NCLT Delhi
LIVELAW NEWS NETWORK
25 Jan 2022 2:33 PM IST
The NCLT Delhi Bench consisting of Justice Abni Ranjan Kumar Sinha (Judicial Member) and L.N. Gupta (Technical Member) in CBRE South Asia Pvt. Ltd. v. M/s United Concepts and Solutions Pvt. Ltd. held that principal amount and interest cannot be clubbed to reach the threshold of Rs. 1 crore under the Insolvency and Bankruptcy Code 2016, if the debt is an Operational Debt. The...
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