The appellant, Power Grid Corporation of India, filed claims as an 'Operational Creditor' against the corporate debtor, Deepak Cables (India) Limited, during its Corporate Insolvency Resolution Process. The Resolution Professional rejected these claims, leading the appellant to file applications under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, before the NCLT, Bengaluru Bench. The NCLT rejected these applications by a common order, prompting the appellant to file the present appeals.
The appellant, Power Grid Corporation of India, filed multiple claims against the corporate debtor, Deepak Cables (India) Limited, during its Corporate Insolvency Resolution Process. The appellant asserted that the corporate debtor failed to supply goods and complete services as agreed, thus raising claims as an 'Operational Creditor'. These claims were filed region-wise, indicating a series of contractual obligations that were allegedly unfulfilled by the corporate debtor.
…The Adjudicating Authority (NCLT, Bengaluru…
The Adjudicating Authority passed an order for…
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The appellant, Power Grid Corporation of India, filed claims as an 'Operational Creditor' against the corporate debtor, Deepak Cables (India) Limited, during its Corporate Insolvency Resolution Process. The Resolution Professional rejected these claims, leading the appellant to file applications under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, before the NCLT, Bengaluru Bench. The NCLT rejected these applications by a common order, prompting the appellant to file the present appeals.
The appellant, Power Grid Corporation of India, filed multiple claims against the corporate debtor, Deepak Cables (India) Limited, during its Corporate Insolvency Resolution Process. The appellant asserted that the corporate debtor failed to supply goods and complete services as agreed, thus raising claims as an 'Operational Creditor'. These claims were filed region-wise, indicating a series of contractual obligations that were allegedly unfulfilled by the corporate debtor.
…The Adjudicating Authority (NCLT, Bengaluru…
The Adjudicating Authority passed an order for…
Sign in to view related legal provisions.