Mere adducing interest clause in the invoices by Operational Creditor is not enough to claim the interest amount along with the principal amount payable by Corporate Debtor – Apar Industries Ltd. Vs. City Oil Pvt. Ltd. – NCLT Kolkata Bench

Hon’ble NCLT Kolkata Bench has held that mere adducing interest clause in the invoices by the Operational Creditor is not enough to claim the interest amount along with the principal amount payable by the Corporate Debtor. To fortify our view, rely upon the decision passed by the Learned NCLT, New Delhi Bench in the case of Rohit & Company v. Twenty First Century Wire Rods Ltd. order dated 14.09.2023, reported in (2023) ibclaw.in 627 NCLT. Further refer to the decision passed by this Adjudicating Authority to strengthen the view in the case of Mr. Sanjay Sharma, Partner of M/s. Ma Jagadamba Enterprises v. M/s. Super Iron Foundry Private Limited in Company Petition (IB) No. 314/KB/2022.

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