The appeal was filed against the order passed by the Adjudicating Authority (NCLT, Hyderabad Bench-II) in MA No.425 of 2021 in CP No. 187/7/HDB/2020, dated 24.09.2021. The Adjudicating Authority directed the Respondent/Appellant to pay the amount raised in the invoices in accordance with a binding contract. The dispute arose regarding alleged exorbitant pricing related to an agreement entered into before the CIRP. The MA filed by the 1st Respondent was disposed of.
KSK Mahanadi Power Company Limited (Appellant) is undergoing CIRP. Raigarh Champa Infrastructure private limited (Respondent) provided railway infrastructure for coal transportation to KSK Mahanadi. A dispute arose regarding invoices raised by Raigarh Champa dated 24.07.2021 for services provided in April, May, and June 2021, based on a transportation agreement dated 31.03.2014. The Appellant claimed the invoices were for three times the actual coal supplied and that the 2014 agreement was not enforced since 2016. The Adjudicating Authority directed the Appellant to pay the invoice amounts. The Appellant filed an appeal against this order. The CIRP of Raigarh Champa is also underway and is expected to end on 18th December 2021. The Appellant has already paid
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The Adjudicating Authority passed the…
The present ap…
The appeal was filed against the order passed by the Adjudicating Authority (NCLT, Hyderabad Bench-II) in MA No.425 of 2021 in CP No. 187/7/HDB/2020, dated 24.09.2021. The Adjudicating Authority directed the Respondent/Appellant to pay the amount raised in the invoices in accordance with a binding contract. The dispute arose regarding alleged exorbitant pricing related to an agreement entered into before the CIRP. The MA filed by the 1st Respondent was disposed of.
KSK Mahanadi Power Company Limited (Appellant) is undergoing CIRP. Raigarh Champa Infrastructure private limited (Respondent) provided railway infrastructure for coal transportation to KSK Mahanadi. A dispute arose regarding invoices raised by Raigarh Champa dated 24.07.2021 for services provided in April, May, and June 2021, based on a transportation agreement dated 31.03.2014. The Appellant claimed the invoices were for three times the actual coal supplied and that the 2014 agreement was not enforced since 2016. The Adjudicating Authority directed the Appellant to pay the invoice amounts. The Appellant filed an appeal against this order. The CIRP of Raigarh Champa is also underway and is expected to end on 18th December 2021. The Appellant has already paid
…The Adjudicating Authority passed the…
The present ap…