Operational Creditor Not Entitled To Interest Under MSME Act When Contract Prohibits It : NCLT Delhi

The National Company Law Tribunal (NCLT), Delhi bench, denied the application of interest under the Micro, Small and Medium Enterprises Development (MSME) Act to an operational creditor in cases where the underlying contracts explicitly prohibited such interest. The tribunal upheld the primacy of contractual terms over statutory entitlements in this specific context.