NCLAT: Plea under IBC Section 7 Can't Be Restored After Corporate Debtor Pays Principal & Interest - 15.09.2025

NCLAT held that once the corporate debtor pays the principal and interest under NCLT’s order in an IBC Section 7 case, the financial creditor cannot seek restoration of the plea just because interest on the full principal wasn’t paid. NCLT erred in restoring the application on this basis.

Tags : Corporate Debtor Principal Interest Financial Creditor

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