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2019 (5) TMI 516 - Tri - Insolvency and BankruptcyInitiation of corporate insolvency resolution process - Operational debt - claim of interest on the basis of terms mentioned in the Invoice - sub-section (21) of Section 5 of Insolvency & Bankruptcy Code, 2016 - HELD THAT:- In the instant appeal, admittedly, the principal amount has been paid before effective hearing of the petition. Especially when the applicant has not entered into any agreement regarding payment of interest, claim of the applicant for 24% interest per annum does not hold valid ground to file the instant application. Petition dismissed.
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