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2022 (1) TMI 512 - Tri - Insolvency and BankruptcyRejection of interest amount claimed by the Applicant/Operational Creditor - Section 42 of the Insolvency and Bankruptcy Code 2016 - HELD THAT:- It was the duty of the Applicant to produce the documents or evidence or clarification sought by the Liquidator in order to verify his claim for interest. In this case, even though the Applicant sought interest from the Liquidator, he could not produce any document that there was an agreement with the Corporate Debtor for charging interest on the delayed payments before they started purchasing materials from the Applicant. Moreover, even though the impugned order was passed by the Liquidator on 17.03.2021, this Application has been filed on 20.10.2021 beyond the period of 14 days for appeals under Section 42 of IBC. There are no error in the order passed by the Liquidator rejecting the interest claimed by the Operational Creditor, warranting interference by this Tribunal - application dismissed.
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