The appeal was filed against the order dated 24.06.2019 passed by the Adjudicating Authority (NCLT Ahmedabad Bench) in C.P. (I.B) No.190/NCLT/AHM/2018. The Appellant, Central Transmission Utility, a state-owned company, claimed that the Corporate Debtor, Korba West Power Company Limited, was liable to pay transmission charges and consequential amounts as per the Bulk Power Transmission Agreement (BPTA) dated 24th February, 2010. The Corporate Debtor had filed a petition before the Central Electricity Regulatory Commission (CERC) under Section 79 of the Electricity Act 2003, seeking deferment of the Long Term Access (LTA). The petition was pending when the Corporate Debtor filed an application under Section 10 of the Insolvency and Bankruptcy Code, 2016. The Appellant
…Central Transmission Utility, the Appellant, is a state-owned company and statutory authority under Section 38 of the Electricity Act. They entered into a Bulk Power Transmission Agreement (BPTA) with Korba West Power Company Limited, the Corporate Debtor, on February 24, 2010, for Long Term Access (LTA). The Appellant claimed the Corporate Debtor was liable to pay transmission charges, with the due date for payments being October 1, 2017. The Corporate Debtor filed Petition No. 269/MP/2017 on November 27, 2017, before the Central Electricity Regulatory Commission (CERC) seeking deferment of the LTA. The Corporate Debtor then filed an application under Section 10 of the Insolvency and Bankruptcy Code, 2016. The Appellant submitted a claim to the Resolution
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Central Transmission Utility entered into a Bulk…
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The appeal was filed against the order dated 24.06.2019 passed by the Adjudicating Authority (NCLT Ahmedabad Bench) in C.P. (I.B) No.190/NCLT/AHM/2018. The Appellant, Central Transmission Utility, a state-owned company, claimed that the Corporate Debtor, Korba West Power Company Limited, was liable to pay transmission charges and consequential amounts as per the Bulk Power Transmission Agreement (BPTA) dated 24th February, 2010. The Corporate Debtor had filed a petition before the Central Electricity Regulatory Commission (CERC) under Section 79 of the Electricity Act 2003, seeking deferment of the Long Term Access (LTA). The petition was pending when the Corporate Debtor filed an application under Section 10 of the Insolvency and Bankruptcy Code, 2016. The Appellant
…Central Transmission Utility, the Appellant, is a state-owned company and statutory authority under Section 38 of the Electricity Act. They entered into a Bulk Power Transmission Agreement (BPTA) with Korba West Power Company Limited, the Corporate Debtor, on February 24, 2010, for Long Term Access (LTA). The Appellant claimed the Corporate Debtor was liable to pay transmission charges, with the due date for payments being October 1, 2017. The Corporate Debtor filed Petition No. 269/MP/2017 on November 27, 2017, before the Central Electricity Regulatory Commission (CERC) seeking deferment of the LTA. The Corporate Debtor then filed an application under Section 10 of the Insolvency and Bankruptcy Code, 2016. The Appellant submitted a claim to the Resolution
…Central Transmission Utility entered into a Bulk…
The due date for…