# Profitplus Infra Pvt. Ltd. vs. Executive Engineer

> NCLAT judgment dated 16 Dec 2025. Citation: TCN-2025-NCLAT-00610. This appeal challenges an order dated 31.01.2025 passed by the Adjudicating Authority…

- **Court:** NCLAT
- **Order date:** 16 Dec 2025
- **Citation:** TCN-2025-NCLAT-00610
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/profitplus-infra-pvt-ltd-vs-executive-engineer-6ac7adb5

## Summary

### Background

This appeal challenges an order dated 31.01.2025 passed by the Adjudicating Authority (National Company Law Tribunal), Ahmedabad, Division Bench, Court-1, rejecting IA No. 270(AHM) of 2024, which was filed by the Appellant.

## Facts

CIRP against Pacific Pipe Systems Private Limited commenced on 18.12.2019.

Adjudicating Authority passed an order on 04.11.2020 directing liquidation of the Corporate Debtor.

Applicant No.1 was declared Successful Auction Purchaser in the e-auction.

Applicant filed an IA No.411 of 2021 seeking certain reliefs and concessions which was allowed on 04.10.2021.

Respondent No.1 was directed to restore the electricity supply to the Corporate Debtor.

Respondent No.1 filed an appeal challenging the order dated 04.10.2021, being Company Appeal (AT) (Insolvency) No.1300 of 2022.

Appellant filed IA No.270 of 2024 before the Adjudicating Authority seeking a direction for payment of interest on the security deposit.

Adjudicating Authority rejected the application filed by the Appellant.

…

## Issues and analysis

### Issue 1: Whether the Appellant is entitled to interest on the security deposit from the date of termination …

**Ratio:** Regulation 4.11 of the GERC Regulations requires the licensee to pay interest on the

…

**Reasoning:** The Appellant's electricity was permanently disconnected in 2016-17. Regulation 4.11 is

…

**Interpretation:** Regulation 4.11 cannot be interpreted to require payment of interest to a

…

**Application:** The Appellant cannot claim interest on the security deposit under Regulation

…

## Parties

- **Judges:** Ashok Bh…; Barun M…
- **Appellants:** Profitplus Infra…
- **Respondents:** Pacific Pipe…; Executive…
- **Other parties:** Insolvenc…; Corporate…; +5 more

## Timeline

- **2019-12-18 — CIRP Comm…**: Corporate Insolvency Resolution Process (CIRP) against Pacific Pipe Systems Private…
- **2020-11-04 — Liquidation…**: Adjudicating Authority passed an order…

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