Interest cannot be termed as operational debt u/s. 5(21) of IBC: NCLAT Delhi

Khushbu Dye Chem Private Limited Vs Chemical Suppliers India Private Limited (NCLAT Delhi) NCLAT Delhi held that interest cannot be termed as operational debt as defined under section 5(21) of the Insolvency and Bankruptcy Code and hence interest cannot be included in the claims filed under section 9 of the Code. Facts- The present Appeal has been filed u/s. 61 of the Insolvency and Bankruptcy Code, 2016 (‘Code’) for seeking an order to quash/set aside the order dated 17.01.2024 (‘Impugned Order’) passed by the Adjudicating Authority titled ‘Khushbu Dye Chem Private Limited versus Ch...