Shivani Enterprises NCLAT Appeal Dismissed on Debt Threshold

NCLAT dismisses Shivani Enterprises' appeal against NCLT order rejecting its Section 9 insolvency petition against S Square Cargo Movers.
Tribunal upholds that ₹70.54 lakh principal debt falls below IBC's ₹1 crore threshold as interest cannot be included without contractual agreement.
Court finds no evidence of mutual consent or past practice for interest payment on delayed invoices between the parties.
Ruling clarifies that unilateral invoice interest clauses without formal contract don't constitute enforceable operational debt under IBC.