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Threshold Limit Under Insolvency And Bankruptcy Code Will Also Include Interest: NCLAT
Akshay Sharma
1 Aug 2022 3:30 PM IST
The National Company Law Appellate Tribunal, Principal Bench, New Delhi comprising of Justice Ashok Bhushan, Justice M Satyanarayana Murthy and Mr. Naresh Salecha held that minimum threshold mentioned under Section 4 of the Insolvency & Bankruptcy Code, 2016 (IBC/Code) can include both the principal amount and the interest. Brief Facts The Operational Creditor supplied various...
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