HIGH COURT
Penal Charges In Debt Claim Do Not Oust NCLT’s IBC Jurisdiction: Gujarat High Court
Case Title : TAKSHASHILA RESICOM PRIVATE LIMITED & ORS Vs SHETH FINCAP SERVICES PRIVATE LIMITED & ORS
Case Number : SPECIAL CIVIL APPLICATION NO. 13836 of 2026
CITATION : 2026 LLBiz HC (GUJ) 167
The Gujarat High Court, on 23 October, held that the inclusion of penal charges and interest in a financial creditor’s claim does not, by itself, oust the National Company Law Tribunal’s (NCLT) jurisdiction to entertain an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC).
NCLAT
NCLAT Rejects Interest Claim On CIRP Dues, Says ICA Circular Has No Statutory Backing
Case Title : Parkash Cotton Pressing Factory Vs Allahabad Bank &…