The writ petition challenges a demand notice for electricity dues issued to the directors of M/s Trimurti Concast Pvt ltd, a company undergoing insolvency proceedings. The company defaulted on electricity payments, leading to the demand notice against its directors. The petitioner, one of the directors, argues that the insolvency resolution process and subsequent liquidation of the company extinguish the directors' liabilities. The electricity department contends that the directors provided personal guarantees for the company's dues, making them liable despite the insolvency proceedings.
M/s Trimurti Concast Pvt ltd, a company, defaulted on electricity dues to Paschimanchal Vidyut Vitran Nigam Limited (PVVNL). An insolvency petition was filed against the company under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016, and the company went into insolvency. The National Company Law Tribunal (NCLT) approved a resolution plan on 2022-03-22. PVVNL, as an operational creditor, had its claim considered during the resolution process. The electricity connection to the company was permanently disconnected on 2022-08-30, following a temporary disconnection on 2019-07-09. A demand notice dated 2022-06-30 was issued to Narendra Singh Panwar and Ashok Sharma, directors of the company, seeking recovery of the dues. Narendra Singh Panwar, one of the
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Temporary disconnection…
Insolvency proceedings…
The writ petition challenges a demand notice for electricity dues issued to the directors of M/s Trimurti Concast Pvt ltd, a company undergoing insolvency proceedings. The company defaulted on electricity payments, leading to the demand notice against its directors. The petitioner, one of the directors, argues that the insolvency resolution process and subsequent liquidation of the company extinguish the directors' liabilities. The electricity department contends that the directors provided personal guarantees for the company's dues, making them liable despite the insolvency proceedings.
M/s Trimurti Concast Pvt ltd, a company, defaulted on electricity dues to Paschimanchal Vidyut Vitran Nigam Limited (PVVNL). An insolvency petition was filed against the company under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016, and the company went into insolvency. The National Company Law Tribunal (NCLT) approved a resolution plan on 2022-03-22. PVVNL, as an operational creditor, had its claim considered during the resolution process. The electricity connection to the company was permanently disconnected on 2022-08-30, following a temporary disconnection on 2019-07-09. A demand notice dated 2022-06-30 was issued to Narendra Singh Panwar and Ashok Sharma, directors of the company, seeking recovery of the dues. Narendra Singh Panwar, one of the
…Temporary disconnection…
Insolvency proceedings…