Case Law Details
Case Name : Uttarakhand Power Corporation Limited Vs Shyam Baba Developers & Builders Pvt. Ltd. (NCLAT Delhi)
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NCLAT
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Uttarakhand Power Corporation Limited Vs Shyam Baba Developers & Builders Pvt. Ltd. (NCLAT Delhi)
NCLAT Delhi held that successful auction purchaser cannot be insisted to pay pre-CIRP electricity dues before restoring an electricity connection. Accordingly, appeal dismissed.
Facts- On an Application filed u/s. 7 by the UCO Bank against the Corporate Debtor M/s. Shree Shyam Pulp and Board Mills, Corporate Insolvency Resolution Process (CIRP) commenced by Order dated 27.03.2019. No Resolution Plan having been approved in the CIRP of the Corporate Debtor, t
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