# In the matter of Kamineni Steel and Power India Private Limited IA (IBC) 859/2023 & IA No. 241-2020 in CP (IB) No.11-10-HDB-2017

> Read the full IBC case summary for In the matter of Kamineni Steel and Power India Private Limited IA (IBC) 859/2023 & IA No. 241-2020 in CP (IB)…

- **Court:** NCLT
- **Order date:** 9 Jun 2023
- **Citation:** TCN-2023-NCLT-05467
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/kamineni-steel-and-power-india-private-limited-ia-ibc-8592023-ia-no-241-2020-in-ffaaf05f

## Summary

### Background

The applicant, an operational creditor, filed an application seeking permission to submit its claim beyond the stipulated time during the corporate debtor's liquidation process.

## Facts

Kamineni Steels & Power India Pvt Ltd, the corporate debtor, applied for an HT Connection, which was sanctioned by the Central Power Distribution Company of Andhra Pradesh (APCPDCL), now Southern Power Distribution Company of Telangana Limited (TSSPDCL). An agreement was executed on February 3, 2014, for the supply of electricity. The corporate debtor consumed electricity and initially cleared its dues.

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## Issues and analysis

### Issue 1: Whether the liquidator can be directed to examine the claim submitted by the operational creditor…

**Ratio:** The liquidator can be directed to examine a claim submitted beyond the stipulated time if…

**Reasoning:** The Tribunal noted that the liquidation process was not yet complete and the assets of…

**Interpretation:** The court interpreted **Regulation 17 of the IBBI (Liquidation Process)…

**Application:** Given that the liquidation process was ongoing and the applicant's claim was…

## Parties

- **Judges:** Venkata Ramakrishn…; SH. CHARAN…
- **Advocates:** For the Applicant:…; Coun…; +3 more

## Timeline

- **February 3, 2014 — HT Agreement…**: Corporate Debtor executed an HT agreement…
- **October 29, 2015 — Power supply disconnecte…**: Corporate Debtor failed to make payments, leading to disconnection of power supply and an…

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