The case involves two appeals filed under Section 61 of the Insolvency and Bankruptcy Code, 2016 (IBC) by Noida Power Company Limited (NPCL) against orders passed by the Adjudicating Authority (National Company Law Tribunal, New Delhi Bench-III). These orders relate to I.A. No. 82 of 2022 and I.A. No. 1432 of 2022 in C.P. (IB) No. 1348 (ND)/2019, concerning the corporate insolvency resolution process (CIRP) of Earthcon Infracon Pvt. Ltd. The core issue revolves around the disconnection of electricity supply to the Corporate Debtor due to non-payment of dues during the moratorium period.
Noida Power Company Limited (NPCL) is the appellant, and Mr. Gaurav Katiyar, the Resolution Professional (RP) of Earthcon Universal Infracon Pvt. Ltd., is the respondent. Earthcon Infracon Pvt. Ltd. was admitted into Corporate Insolvency Resolution Process (CIRP). NPCL issued a notice for temporary disconnection of electricity to Earthcon due to non-payment of post-CIRP electricity dues on 2020-06-17. The erstwhile IRP of Earthcon filed IA No. 3379/2020, seeking directions to NPCL not to disconnect electricity and provide payment options. NPCL sent another disconnection notice on 2021-12-17 due to continued failure to clear dues. The RP filed IA No. 82 of 2022 on 2021-12-28, seeking a permanent stay of electricity disconnection. The Adjudicating Authority passed an
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Corporate Insolvency Resolution Process…
NPCL issued a notice for temporary…
The case involves two appeals filed under Section 61 of the Insolvency and Bankruptcy Code, 2016 (IBC) by Noida Power Company Limited (NPCL) against orders passed by the Adjudicating Authority (National Company Law Tribunal, New Delhi Bench-III). These orders relate to I.A. No. 82 of 2022 and I.A. No. 1432 of 2022 in C.P. (IB) No. 1348 (ND)/2019, concerning the corporate insolvency resolution process (CIRP) of Earthcon Infracon Pvt. Ltd. The core issue revolves around the disconnection of electricity supply to the Corporate Debtor due to non-payment of dues during the moratorium period.
Noida Power Company Limited (NPCL) is the appellant, and Mr. Gaurav Katiyar, the Resolution Professional (RP) of Earthcon Universal Infracon Pvt. Ltd., is the respondent. Earthcon Infracon Pvt. Ltd. was admitted into Corporate Insolvency Resolution Process (CIRP). NPCL issued a notice for temporary disconnection of electricity to Earthcon due to non-payment of post-CIRP electricity dues on 2020-06-17. The erstwhile IRP of Earthcon filed IA No. 3379/2020, seeking directions to NPCL not to disconnect electricity and provide payment options. NPCL sent another disconnection notice on 2021-12-17 due to continued failure to clear dues. The RP filed IA No. 82 of 2022 on 2021-12-28, seeking a permanent stay of electricity disconnection. The Adjudicating Authority passed an
…Corporate Insolvency Resolution Process…
NPCL issued a notice for temporary…