The case involves a petition where the entire principal amount has already been paid by the Corporate Debtor to the Operational Creditor. The Operational Creditor requested the petition be heard for payment of interest. The Corporate Debtor's counsel cited a judgment from the NCLAT in M/s S.S. Polymers...vs...M/s Kanodia Technoplast Ltd, where it was observed that invoices alone are not sufficient to claim interest without the Corporate Debtor's consent.
The Corporate Debtor paid the entire principal amount to the Operational Creditor. The Operational Creditor then sought to have the petition heard for payment of interest. The Corporate Debtor's counsel referred to a judgment by the NCLAT in the case of M/s S.S. Polymers...vs...M/s Kanodia Technoplast Ltd, which stated that invoices alone are not sufficient to claim interest without the Corporate Debtor's consent. The court noted that the arguing counsel for the Operational Creditor was not present and had repeatedly requested adjournments. The petition was filed to claim the interest amount.
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The case involves a petition where the entire principal amount has already been paid by the Corporate Debtor to the Operational Creditor. The Operational Creditor requested the petition be heard for payment of interest. The Corporate Debtor's counsel cited a judgment from the NCLAT in M/s S.S. Polymers...vs...M/s Kanodia Technoplast Ltd, where it was observed that invoices alone are not sufficient to claim interest without the Corporate Debtor's consent.
The Corporate Debtor paid the entire principal amount to the Operational Creditor. The Operational Creditor then sought to have the petition heard for payment of interest. The Corporate Debtor's counsel referred to a judgment by the NCLAT in the case of M/s S.S. Polymers...vs...M/s Kanodia Technoplast Ltd, which stated that invoices alone are not sufficient to claim interest without the Corporate Debtor's consent. The court noted that the arguing counsel for the Operational Creditor was not present and had repeatedly requested adjournments. The petition was filed to claim the interest amount.
Order sheet…
The matter was listed…