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2018 (4) TMI 273 - Tri - Insolvency and BankruptcyOperational Debt - whether on receiving the principal operational debt amount during the pendency of the Petition before NCLT, the Petitioner can press for the admission of the Petition only in respect of the Interest amount alleged to be outstanding, firstly without revising the claim of Outstanding Debt and secondly when the eligibility of Interest claim is challenged by the Operational Debtor ? Held that:- Principal amount of Debt had admittedly been paid and duly accepted by the Petitioner and the claim of Interest remained unsubstantiated in the absence of cogent evidence, the “Operational Debt” in question remained unascertainable, as a consequence, the Petition under section 9 of The Code is not maintainable.
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