Reliance Infratel Limited (RITL), admitted to insolvency on 2019-05-07, faced a demand for outstanding electricity dues from Meghalaya Power Distribution Corporation Ltd. (MePDCL) for periods before RITL's takeover by Reliance Projects and Property Management Solutions Ltd. (RPPMSL) on 2022-12-22. MePDCL also threatened to disconnect existing electricity connections and refused new connections to RITL and its affiliates. RITL challenged MePDCL's demand notice, arguing that the approved resolution plan extinguished prior dues and that MePDCL did not participate in the insolvency resolution process.
Reliance Infratel Limited (RITL) was admitted to insolvency with effect from 2019-05-07. A resolution plan was submitted by Reliance Projects and Property Management Solutions Ltd. (RPPMSL) for the takeover of RITL, which was approved by the National Company Law Tribunal (NCLT) and the Supreme Court. RPPMSL took over RITL on 2022-12-22. Meghalaya Power Distribution Corporation Ltd. (MePDCL) sought recovery of electricity dues from RITL for periods prior to the takeover under the Insolvency Code and threatened to disconnect existing electricity connections and refused to provide new electricity connections. RITL challenged the demand notice, arguing that the approved resolution plan extinguished prior dues. The Resolution Professional had informed the State Electricity
…Sign in to view the parties.
Reliance Infratel…
The Resolution Professional addressed a…
Reliance Infratel Limited (RITL), admitted to insolvency on 2019-05-07, faced a demand for outstanding electricity dues from Meghalaya Power Distribution Corporation Ltd. (MePDCL) for periods before RITL's takeover by Reliance Projects and Property Management Solutions Ltd. (RPPMSL) on 2022-12-22. MePDCL also threatened to disconnect existing electricity connections and refused new connections to RITL and its affiliates. RITL challenged MePDCL's demand notice, arguing that the approved resolution plan extinguished prior dues and that MePDCL did not participate in the insolvency resolution process.
Reliance Infratel Limited (RITL) was admitted to insolvency with effect from 2019-05-07. A resolution plan was submitted by Reliance Projects and Property Management Solutions Ltd. (RPPMSL) for the takeover of RITL, which was approved by the National Company Law Tribunal (NCLT) and the Supreme Court. RPPMSL took over RITL on 2022-12-22. Meghalaya Power Distribution Corporation Ltd. (MePDCL) sought recovery of electricity dues from RITL for periods prior to the takeover under the Insolvency Code and threatened to disconnect existing electricity connections and refused to provide new electricity connections. RITL challenged the demand notice, arguing that the approved resolution plan extinguished prior dues. The Resolution Professional had informed the State Electricity
…Reliance Infratel…
The Resolution Professional addressed a…