U.P. Jal Vidyut Nigam Limited ('UPJVNL'), an operational creditor of Essar Power M.P. Limited, filed an appeal against the order dated 01.11.2021 passed by the National Company Law Tribunal, Principal Bench, New Delhi in I.A. No. 2785 of 2021 in C.P. (IB) No. 863/PB/2020. The appeal concerns the classification of UPJVNL's claim as contingent and the rejection of its application for admitting the entire claim.
U.P. Jal Vidyut Nigam Limited ('UPJVNL') is an operational creditor of Essar Power M.P. Limited.
UPJVNL filed an appeal against the order dated 01.11.2021 passed by the National Company Law Tribunal, Principal Bench, New Delhi.
The Appellant's claim pertains to unpaid invoices for water drawn by the Corporate Debtor from Rihand Reservoir.
The Corporate Debtor has challenged the legality and validity of the invoices in a writ petition before the Allahabad High Court.
The RP classified the Appellant's claim as contingent and admitted a notional value of Rs. 1.
The Corporate Debtor has been making payments to Madhya Pradesh Water Resources Department (MPWRD) for the water drawn.
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U.P. Jal Vidyut Nigam Limited ('UPJVNL'), an operational creditor of Essar Power M.P. Limited, filed an appeal against the order dated 01.11.2021 passed by the National Company Law Tribunal, Principal Bench, New Delhi in I.A. No. 2785 of 2021 in C.P. (IB) No. 863/PB/2020. The appeal concerns the classification of UPJVNL's claim as contingent and the rejection of its application for admitting the entire claim.
U.P. Jal Vidyut Nigam Limited ('UPJVNL') is an operational creditor of Essar Power M.P. Limited.
UPJVNL filed an appeal against the order dated 01.11.2021 passed by the National Company Law Tribunal, Principal Bench, New Delhi.
The Appellant's claim pertains to unpaid invoices for water drawn by the Corporate Debtor from Rihand Reservoir.
The Corporate Debtor has challenged the legality and validity of the invoices in a writ petition before the Allahabad High Court.
The RP classified the Appellant's claim as contingent and admitted a notional value of Rs. 1.
The Corporate Debtor has been making payments to Madhya Pradesh Water Resources Department (MPWRD) for the water drawn.
…Order passed by the National Company Law…
Agreement between…