This appeal was filed against the order dated April 18, 2023, passed by the National Company Law Tribunal, Cuttack Bench, Cuttack, in IA(IB) No. 14/CB/2023 arising out of CP(IB) No. 1174/KB/2018. The Corporate Insolvency Resolution Process (CIRP) was initiated against Jagannath Sponge Private Limited based on an application filed under Section 7 of the Insolvency and Bankruptcy Code, 2016. A resolution plan submitted by M/s Omkara Asset Reconstruction Company was approved by the Adjudicating Authority on August 6, 2021. The Appellant was informed on July 19, 2022, that the Resolution Plan had been approved. The Appellant filed C.A. (AT) Insolvency No. 1404 of 2022 challenging the order dated August 6, 2021, which was later withdrawn on November 25, 2022.
Tata Power Western Odisha Distribution Limited (TPWODL) is the appellant, and Jagannath Sponge Private Limited is the respondent. The case involves a dispute over electricity dues. The Corporate Insolvency Resolution Process (CIRP) was initiated against Jagannath Sponge Private Limited based on an application filed under Section 7 of the Insolvency and Bankruptcy Code, 2016. A resolution plan submitted by M/s Omkara Asset Reconstruction Company was approved by the Adjudicating Authority. The Respondent requested the Appellant to supply electricity, but the Appellant claimed outstanding arrears of Rs. 13,46,19,931/-. The Respondent then filed an application seeking direction to the Appellant to provide electricity connection without insisting on payment of arrears. The
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Corporate Insolvency Resolution Process (CIRP)…
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This appeal was filed against the order dated April 18, 2023, passed by the National Company Law Tribunal, Cuttack Bench, Cuttack, in IA(IB) No. 14/CB/2023 arising out of CP(IB) No. 1174/KB/2018. The Corporate Insolvency Resolution Process (CIRP) was initiated against Jagannath Sponge Private Limited based on an application filed under Section 7 of the Insolvency and Bankruptcy Code, 2016. A resolution plan submitted by M/s Omkara Asset Reconstruction Company was approved by the Adjudicating Authority on August 6, 2021. The Appellant was informed on July 19, 2022, that the Resolution Plan had been approved. The Appellant filed C.A. (AT) Insolvency No. 1404 of 2022 challenging the order dated August 6, 2021, which was later withdrawn on November 25, 2022.
Tata Power Western Odisha Distribution Limited (TPWODL) is the appellant, and Jagannath Sponge Private Limited is the respondent. The case involves a dispute over electricity dues. The Corporate Insolvency Resolution Process (CIRP) was initiated against Jagannath Sponge Private Limited based on an application filed under Section 7 of the Insolvency and Bankruptcy Code, 2016. A resolution plan submitted by M/s Omkara Asset Reconstruction Company was approved by the Adjudicating Authority. The Respondent requested the Appellant to supply electricity, but the Appellant claimed outstanding arrears of Rs. 13,46,19,931/-. The Respondent then filed an application seeking direction to the Appellant to provide electricity connection without insisting on payment of arrears. The
…Corporate Insolvency Resolution Process (CIRP)…
Resolution plan submitted by M/s Omkara Asset…
Sign in to view related legal provisions.