Case Law Details
Case Name : IDBI Bank Ltd. Vs S Kumars Nationwide Ltd. (NCLT Mumbai)
Related Assessment Year :
Courts :
NCLT
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
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...
This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.

