Security deposit payment for restoration of high tension electricity connection mandatory for Corporate Debtor

Kalptaru Steel Rolling Mills Ltd Vs Southern Power Distribution Company of A.P. Ltd (NCLAT Delhi) NCLAT Delhi held that the Corporate Debtor are mandatorily required to pay security deposit for restoration of high tension electricity connection. Facts- CIRP was initiated and resolution plan was approved. A Monitoring Committee was also constituted. The Chairman of the Monitoring Committee filed an application before the Adjudicating Authority, praying to issue direction to M/s Southern Power Distribution Company of A.P. Ltd. to immediately restore electricity connection of the Corporate Debtor...