This case involves a batch of five appeals filed by Operational Creditors against an order passed by the Adjudicating Authority (National Company Law Tribunal), Principal Bench, New Delhi. The Adjudicating Authority had dismissed the applications moved by the Appellants, observing that information relating to disputes with the Corporate Debtor, including claims arising out of loss or damages, should be reflected in the Information Memorandum. The Appellants challenged this order, arguing that their claims should not be rejected.
NTPC Ltd. (Sipat Project), NTPC Ltd. (Formally Known as National Thermal Power Corporation Ltd.), NTPC Ltd. (Simhadri Project), NTPC Ltd. (Ramagundam Project), and Aravali Power Company Pvt. Ltd. filed appeals as Operational Creditors. The appeals challenged an order by the Adjudicating Authority (National Company Law Tribunal) dismissing their applications. The Adjudicating Authority held that disputes related to claims arising out of loss or damages should be reflected in the Information Memorandum. The Appellants argued that their claims should not be rejected. The appeals were consolidated and heard together. The impugned order was dated February 10, 2020. The Resolution Professional is Rajiv Chakraborty, I.R.P. of Era Infra Engineering Ltd.
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The Adjudicating Authority (National Company Law…
The NCLAT dismissed the…
This case involves a batch of five appeals filed by Operational Creditors against an order passed by the Adjudicating Authority (National Company Law Tribunal), Principal Bench, New Delhi. The Adjudicating Authority had dismissed the applications moved by the Appellants, observing that information relating to disputes with the Corporate Debtor, including claims arising out of loss or damages, should be reflected in the Information Memorandum. The Appellants challenged this order, arguing that their claims should not be rejected.
NTPC Ltd. (Sipat Project), NTPC Ltd. (Formally Known as National Thermal Power Corporation Ltd.), NTPC Ltd. (Simhadri Project), NTPC Ltd. (Ramagundam Project), and Aravali Power Company Pvt. Ltd. filed appeals as Operational Creditors. The appeals challenged an order by the Adjudicating Authority (National Company Law Tribunal) dismissing their applications. The Adjudicating Authority held that disputes related to claims arising out of loss or damages should be reflected in the Information Memorandum. The Appellants argued that their claims should not be rejected. The appeals were consolidated and heard together. The impugned order was dated February 10, 2020. The Resolution Professional is Rajiv Chakraborty, I.R.P. of Era Infra Engineering Ltd.
The Adjudicating Authority (National Company Law…
The NCLAT dismissed the…