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No Clause For Payment Of Interest, OC Can't Add Interest Only To Cross Threshold Limit Of 1 Crore: NCLT Kolkata
Pallavi Mishra
17 Dec 2022 8:00 PM IST
The National Company Law Tribunal ("NCLT"), Kolkata Bench, comprising of Shri Rohit Kapoor (Judicial Member) and Shri Balraj Joshi (Technical Member), while adjudicating a petition filed in Khatunaresh Impex Pvt. Ltd. v Jindal (India) Limited, has held that in absence of any contract or agreement between Parties which provides for payment of interest to the Operational Creditor...
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