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Case Law Details

Case Name : IDBI Bank Ltd. Vs S Kumars Nationwide Ltd. (NCLT Mumbai)
Related Assessment Year :
Courts : NCLT
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IDBI Bank Ltd. Vs S Kumars Nationwide Ltd. (NCLT Mumbai) NCLT Mumbai held that the claims of electricity department stand settled on distribution of liquidation estate by the liquidator. Hence, withholding of electricity connection due to payment of dues prior to issuance of sale certificate not justified. Facts- CIRP of the corporate debtor commenced on 24.04.2018. During the liquidation process, the properties of the corporate debtor were put to e-auction and upon applicant emerging as the successful purchaser and having paid the entire sale consideration, were sold to the Applicant. After a...
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