The case involves two applications, IA 793/2021 and IA 571/2021, both filed in CP(IB) No.529/7/HDB/2018. IA 793/2021 was filed by The Board of Trustees of the Port of Mumbai challenging the rejection of their claim by the liquidator of Lanco Vidarbha Thermal Power Ltd. IA 571/2021 was filed by Maharashtra State Electricity Distribution Company Limited, challenging the rejection of their claim by the liquidator. Both applications concern claims against Lanco Vidarbha Thermal Power Ltd, which is undergoing liquidation. The liquidator rejected the claims of both applicants, leading to the current applications before the NCLT.
The Board of Trustees of the Port of Mumbai filed IA 793/2021 challenging the rejection of their claim by the liquidator of Lanco Vidarbha Thermal Power Ltd. The claim was for Rs. 300,11,59,000, comprising deficits from sale accounts of materials lying at docks and interest. The liquidator rejected the claim due to a 129-day delay in submission, with the last date being 30.07.2021. The applicant argued that COVID-19 restrictions caused the delay and that they had previously intimated the claim to the Resolution Professional. Maharashtra State Electricity Distribution Company Limited filed IA 571/2021, challenging the rejection of their claim for Rs.752.28 crores by the liquidator. The claim stemmed from a Power Purchase Agreement (PPA) with Lanco Vidarbha Thermal Power
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Power Purchase Agreement (PPA) executed…
Maharashtra State Electricity Distribution…
The case involves two applications, IA 793/2021 and IA 571/2021, both filed in CP(IB) No.529/7/HDB/2018. IA 793/2021 was filed by The Board of Trustees of the Port of Mumbai challenging the rejection of their claim by the liquidator of Lanco Vidarbha Thermal Power Ltd. IA 571/2021 was filed by Maharashtra State Electricity Distribution Company Limited, challenging the rejection of their claim by the liquidator. Both applications concern claims against Lanco Vidarbha Thermal Power Ltd, which is undergoing liquidation. The liquidator rejected the claims of both applicants, leading to the current applications before the NCLT.
The Board of Trustees of the Port of Mumbai filed IA 793/2021 challenging the rejection of their claim by the liquidator of Lanco Vidarbha Thermal Power Ltd. The claim was for Rs. 300,11,59,000, comprising deficits from sale accounts of materials lying at docks and interest. The liquidator rejected the claim due to a 129-day delay in submission, with the last date being 30.07.2021. The applicant argued that COVID-19 restrictions caused the delay and that they had previously intimated the claim to the Resolution Professional. Maharashtra State Electricity Distribution Company Limited filed IA 571/2021, challenging the rejection of their claim for Rs.752.28 crores by the liquidator. The claim stemmed from a Power Purchase Agreement (PPA) with Lanco Vidarbha Thermal Power
…Power Purchase Agreement (PPA) executed…
Maharashtra State Electricity Distribution…