This Company Appeal challenges an order dated 14.09.2023 passed by the National Company Law Tribunal (NCLT), Kolkata Bench, regarding I.A. No. 1336/KB/2022 and I.A. No. 463/2022 in C.P. (IB) No. 213/KB/2019. The core issue revolves around the claims of Damodar Valley Corporation (DVC) against Mackeil Ispat & Forging Ltd. (Corporate Debtor) for pre-CIRP dues, and whether DVC is entitled to recover these dues after the approval of a Resolution Plan. The Corporate Debtor was receiving electricity supply from DVC under a Power Purchase Agreement. CIRP was initiated against the Corporate Debtor on 03.02.2020. DVC disconnected the electricity supply, which was later restored following an order by the Adjudicating Authority. A Resolution Plan was approved on 21.09.2021.

This Company Appeal challenges an order dated 14.09.2023 passed by the National Company Law Tribunal (NCLT), Kolkata Bench, regarding I.A. No. 1336/KB/2022 and I.A. No. 463/2022 in C.P. (IB) No. 213/KB/2019. The core issue revolves around the claims of Damodar Valley Corporation (DVC) against Mackeil Ispat & Forging Ltd. (Corporate Debtor) for pre-CIRP dues, and whether DVC is entitled to recover these dues after the approval of a Resolution Plan. The Corporate Debtor was receiving electricity supply from DVC under a Power Purchase Agreement. CIRP was initiated against the Corporate Debtor on 03.02.2020. DVC disconnected the electricity supply, which was later restored following an order by the Adjudicating Authority. A Resolution Plan was approved on 21.09.2021.