Interest as part of Operational Debt: A conundrum

While the inclusion of interest amounts in ‘financial debt’, for the purposes of the Insolvency and Bankruptcy Code, 2016 (‘IBC’), is clearly provided for in the IBC, the interest component in the case of operational debt has always been a point of contention.

Filed under:
India, Insolvency & Restructuring, Litigation, Lakshmikumaran & Sridharan Attorneys, Insolvency and Bankruptcy Code (India), National Company Law Tribunal
Authors:
Noorul Hassan
Location:
India
Firm:
Lakshmikumaran & Sridharan Attorneys