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, the Adjudicating Authority directed f...
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