The case involves the liquidation of ARS Energy Pvt Ltd. An earlier order dated 08.06.2026 by the Tribunal had directed TANGEDCO to restore electricity supply to the Corporate Debtor and the Liquidator to make priority payments to TANGEDCO from the liquidation estate proceeds. The Committee of Creditors (CoC) had also held a meeting to discuss the replacement of the Liquidator.
An order dated 08.06.2026 directed TANGEDCO to restore electricity supply to ARS Energy Pvt Ltd.
The Liquidator was directed to make payments to TANGEDCO on priority from the proceeds of the liquidation estate of the Corporate Debtor.
TANGEDCO has not complied with the directions issued by the Tribunal.
The Committee of Creditors (CoC) held a meeting on 18.06.2026.
The CoC, with 96.77% voting, resolved to replace the Liquidator.
The CoC recommended Mr. Kalvakolanu Murali Krishna Prasad as the new Liquidator.
Ld. Counsel for the CoC submitted that the fee and expenses of the erstwhile Liquidator have been paid, with an undertaking to pay any remaining dues.
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Tribunal issued an order directing TANGEDCO…
Committee of Creditors (CoC) held a meeting…
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The case involves the liquidation of ARS Energy Pvt Ltd. An earlier order dated 08.06.2026 by the Tribunal had directed TANGEDCO to restore electricity supply to the Corporate Debtor and the Liquidator to make priority payments to TANGEDCO from the liquidation estate proceeds. The Committee of Creditors (CoC) had also held a meeting to discuss the replacement of the Liquidator.
An order dated 08.06.2026 directed TANGEDCO to restore electricity supply to ARS Energy Pvt Ltd.
The Liquidator was directed to make payments to TANGEDCO on priority from the proceeds of the liquidation estate of the Corporate Debtor.
TANGEDCO has not complied with the directions issued by the Tribunal.
The Committee of Creditors (CoC) held a meeting on 18.06.2026.
The CoC, with 96.77% voting, resolved to replace the Liquidator.
The CoC recommended Mr. Kalvakolanu Murali Krishna Prasad as the new Liquidator.
Ld. Counsel for the CoC submitted that the fee and expenses of the erstwhile Liquidator have been paid, with an undertaking to pay any remaining dues.
Tribunal issued an order directing TANGEDCO…
Committee of Creditors (CoC) held a meeting…
Sign in to view related legal provisions.