Uttarakhand Power Corporation Limited filed an application under Section 60 of the Insolvency and Bankruptcy Code, 2016, seeking directions for the corporate debtor to pay outstanding dues of Rs. 49,82,789/- which were outstanding since 30.11.2018. The resolution professional filed a reply affidavit on 11.01.2019.
Uttarakhand Power Corporation Limited filed an application seeking payment of outstanding dues of Rs. 49,82,789/- from M/s. Pellet Energy systems Pvt. Ltd., outstanding since 30.11.2018. The resolution professional, Ms. Reshma Mittal, informed the court that the CoC had authorized a payment of Rs. 5 lacs to the applicant, with the balance to be paid in installments. The first installment was to be paid by 28.01.2019 and the second by 31.03.2019. A cheque of Rs. 5 lacs was handed over to the applicant's counsel. The RP also stated that the current due shall continue to be paid as per the bill raised.
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The Insolven…
Outstanding dues of Rs.…
Uttarakhand Power Corporation Limited filed an application under Section 60 of the Insolvency and Bankruptcy Code, 2016, seeking directions for the corporate debtor to pay outstanding dues of Rs. 49,82,789/- which were outstanding since 30.11.2018. The resolution professional filed a reply affidavit on 11.01.2019.
Uttarakhand Power Corporation Limited filed an application seeking payment of outstanding dues of Rs. 49,82,789/- from M/s. Pellet Energy systems Pvt. Ltd., outstanding since 30.11.2018. The resolution professional, Ms. Reshma Mittal, informed the court that the CoC had authorized a payment of Rs. 5 lacs to the applicant, with the balance to be paid in installments. The first installment was to be paid by 28.01.2019 and the second by 31.03.2019. A cheque of Rs. 5 lacs was handed over to the applicant's counsel. The RP also stated that the current due shall continue to be paid as per the bill raised.
The Insolven…
Outstanding dues of Rs.…