Rishabh Infra filed an appeal against the order of the Adjudicating Authority that rejected its Section 9 application under the IBC. The claim included a principal amount and interest totaling Rs. 2,61,24,020. The Adjudicating Authority rejected the application because Rs. 1,88,51,361 had already been paid towards the principal. Rishabh Infra argued that there was no settlement and that the work order stipulated interest at 24%. Sadbhav Engineering, the respondent, contended that there was no agreement for interest payment. The work order, dated 2018-12-11, contained a clause for monthly billing and payment but did not explicitly mention interest. The invoices sent by Rishabh Infra included interest, but there was no evidence that Sadbhav Engineering agreed to pay it.

Rishabh Infra filed an appeal against the order of the Adjudicating Authority that rejected its Section 9 application under the IBC. The claim included a principal amount and interest totaling Rs. 2,61,24,020. The Adjudicating Authority rejected the application because Rs. 1,88,51,361 had already been paid towards the principal. Rishabh Infra argued that there was no settlement and that the work order stipulated interest at 24%. Sadbhav Engineering, the respondent, contended that there was no agreement for interest payment. The work order, dated 2018-12-11, contained a clause for monthly billing and payment but did not explicitly mention interest. The invoices sent by Rishabh Infra included interest, but there was no evidence that Sadbhav Engineering agreed to pay it.