This case involves appeals against an order by the Adjudicating Authority, Hyderabad Bench, regarding payments between KSK Mahanadi Power Company Ltd. (KMPCL) and KSK Water Infrastructure Pvt. Ltd. (KWIPL). KMPCL and KWIPL had a Water Transport Agreement (WTA) in 2014 for water supply to KMPCL's power plant. Due to delays, an amendment agreement was made in 2015, revising the minimum off-take requirements. Disputes arose regarding payments under the WTA, especially after both companies entered Corporate Insolvency Resolution Process (CIRP). The Adjudicating Authority directed KMPCL to make payments as per the 2014 WTA, which led to the appeals.
KSK Mahanadi Power Company Ltd. (KMPCL) and KSK Water Infrastructure Pvt. Ltd. (KWIPL) entered into a Water Transport Agreement (WTA) on 2014-03-14 for KWIPL to supply water to KMPCL's power plant. Due to delays in KMPCL's project, a 2015-03-01 amendment revised the minimum off-take requirements. KMPCL and its lenders entered into a Common Loan Agreement (CLA) in October 2016, limiting water transportation charges payable to KWIPL. Both KMPCL and KWIPL entered Corporate Insolvency Resolution Process (CIRP). Disputes arose regarding payments under the WTA, with KWIPL stopping water supply due to non-payment. KMPCL filed an application seeking uninterrupted water supply, but the Adjudicating Authority directed KMPCL to make payments as per the 2014 WTA. KMPCL made ad hoc
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KMPCL and KWIPL entered into a Water…
An amendment agreement was made, revising the…
This case involves appeals against an order by the Adjudicating Authority, Hyderabad Bench, regarding payments between KSK Mahanadi Power Company Ltd. (KMPCL) and KSK Water Infrastructure Pvt. Ltd. (KWIPL). KMPCL and KWIPL had a Water Transport Agreement (WTA) in 2014 for water supply to KMPCL's power plant. Due to delays, an amendment agreement was made in 2015, revising the minimum off-take requirements. Disputes arose regarding payments under the WTA, especially after both companies entered Corporate Insolvency Resolution Process (CIRP). The Adjudicating Authority directed KMPCL to make payments as per the 2014 WTA, which led to the appeals.
KSK Mahanadi Power Company Ltd. (KMPCL) and KSK Water Infrastructure Pvt. Ltd. (KWIPL) entered into a Water Transport Agreement (WTA) on 2014-03-14 for KWIPL to supply water to KMPCL's power plant. Due to delays in KMPCL's project, a 2015-03-01 amendment revised the minimum off-take requirements. KMPCL and its lenders entered into a Common Loan Agreement (CLA) in October 2016, limiting water transportation charges payable to KWIPL. Both KMPCL and KWIPL entered Corporate Insolvency Resolution Process (CIRP). Disputes arose regarding payments under the WTA, with KWIPL stopping water supply due to non-payment. KMPCL filed an application seeking uninterrupted water supply, but the Adjudicating Authority directed KMPCL to make payments as per the 2014 WTA. KMPCL made ad hoc
…KMPCL and KWIPL entered into a Water…
An amendment agreement was made, revising the…