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Why Transfer Pricing Matters: Practical Challenges and Judicial Developments in India
Transfer Pricing (TP) has become one of the most important and complex areas in international taxation. It governs how multinational companies price...

NCLT Upholds Rs. 1.03 Crore Operational Debt Despite 24% Interest Challenge, Initiates CIRP u/s 9 [Read Order]
NCLT observed that the corporate debtor had admitted the principal operational debt of Rs. 1.03 crore while disputing only the interest at 24% per annum. The Court held that under Section 9(5) of the IBC, 2016, a dispute limited to interest does not amount to a pre-existing dispute and therefore does not bar initiation of the Corporate Insolvency Resolution Process.

NCLT Upholds Rs. 1.03 Crore Operational Debt Despite 24% Interest Challenge, Initiates CIRP u/s 9 [Read Order]
NCLT observed that the corporate debtor had admitted the principal operational debt of Rs. 1.03 crore while disputing only the interest at 24% per annum. The Court held that under Section 9(5) of the IBC, 2016, a dispute limited to interest does not amount to a pre-existing dispute and therefore does not bar initiation of the Corporate Insolvency Resolution Process.