Any payment made by the corporate debtor after commencement of CIRP cannot be appropriated towards pre-CIRP electricity dues, which must be claimed in the insolvency process, and such payment can only be adjusted against electricity charges arising during CIRP – Deepak Kumar Garg, IRP for M.S.A. Steel & Alloys Pvt. Ltd. Vs. Pashimanchal Vidyut Vitran Nigam Ltd. – NCLT Allahabad Bench

Any payment made by the corporate debtor after commencement of CIRP cannot be appropriated towards pre-CIRP electricity dues, which must be claimed in the insolvency process, and such payment can only be adjusted against electricity charges arising during CIRP – Deepak Kumar Garg, IRP for M.S.A. Steel & Alloys Pvt. Ltd. Vs. Pashimanchal Vidyut Vitran Nigam Ltd. – NCLT Allahabad Bench

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Avoidance application under Sections 43, 45, 49 and 66 of IBC is not maintainable merely on the basis of a transaction audit report without the RP/Liquidator independently examining the Corporate Debtor’s records and forming an opinion on the impugned transactions – Kamalesh Kumar Singhania (Liquidator) Vs. Khaitan (India) Ltd. and Ors. – NCLT Hyderabad Bench

Avoidance application under Sections 43, 45, 49 and 66 of IBC is not maintainable merely on the basis of a transaction audit report without the RP/Liquidator independently examining the Corporate Debtor’s records and forming an opinion on the impugned transactions – Kamalesh Kumar Singhania (Liquidator) Vs. Khaitan (India) Ltd. and Ors. – NCLT Hyderabad Bench

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