# In the matter of India Power Corporation Ltd. Vs. Meenakshi Energy Ltd. Through Resolution Professional Sri R. Ravi Shankar Devarakonda & Ors. CA(AT)(Ins) No. 1220 of 2019

> NCLAT judgment dated 2020-01-03. Citation: TCN-2020-NCLAT-00598. The case pertains to Company Appeal (AT) (Insolvency) No. 1220 of 2019 before the National…

- **Court:** NCLAT
- **Order date:** 3 Jan 2020
- **Citation:** TCN-2020-NCLAT-00598
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/india-power-corporation-ltd-vs-meenakshi-energy-ltd-through-resolution-professio-7c2fe866

## Summary

### Background

The case pertains to Company Appeal (AT) (Insolvency) No. 1220 of 2019 before the National Company Law Appellate Tribunal (NCLAT), New Delhi. The appeal involves India Power Corporation Ltd. as the Appellant and Meenakshi Energy Ltd. through Resolution Professional Sri R. Ravi Shankar Devarakonda & Ors. as the Respondents. The matter concerns an I.A. No. 17 of 2020.

## Facts

India Power Corporation Ltd. filed an appeal against Meenakshi Energy Ltd. through its Resolution Professional Sri R. Ravi Shankar Devarakonda & Ors. The Appellate Tribunal had previously passed an order on December 13, 2019. The Respondents were directed to file a short affidavit by January 7, 2020, detailing any developments following the Tribunal's order. The matter is potentially under consideration by the Central Electricity Authority, which is expected to pass an appropriate order considering the Inter Country Agreement. The case was posted for orders on January 8, 2020.

## Issues and analysis

### Issue 1: Whether the Respondents should be allowed to file a short affidavit detailing developments related …

**Ratio:** The court has the discretion to allow parties to submit additional information or

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**Reasoning:** Allowing the affidavit ensures that the court is fully informed of any developments since

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**Interpretation:** This reflects the court's procedural power to seek necessary information for a

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**Application:** The court allowed the respondents to file the affidavit by January 7, 2020, to

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## Parties

- **Judges:** S.J. Mukhop…; Bansi Lal…
- **Appellants:** India Power…
- **Respondents:** Meenakshi Energy…
- **Advocates:** Abhijeet…; Rishav Ba…; +10 more

## Timeline

- **2019-12-13 — Previous…**: Appellate Tribunal…
- **2020-01-03 — Order to File…**: Respondents allowed to file a…

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