Southern Power Distribution Company of Telangana Limited (TSSPDCL) filed an application under Section 42 of the Insolvency and Bankruptcy Code, 2016, seeking to set aside the rejection of part of its claim amounting to Rs. 28,28,14,013/- against Priyadarsini Limited and to direct the respondent to verify and admit the rejected portion of the claim.
Corporate debtor applied for HT Connection which was sanctioned by Central Power Distribution Company of Andhra Pradesh (APCPDCL), now Southern Power Distribution Company of Telangana Limited (TSSPDCL).
Corporate debtor failed to make payments against the invoices for supply of electricity from July 2016 till September 2016.
The power supply was disconnected on 31.07.2017 due to non-payment of dues.
Applicant company issued notice for termination of agreement dated 27.06.2018 giving 15 days' time for payment of debt.
The HT Agreement for supply of electricity was terminated with effect from 30.11.2017.
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Corporate debtor failed to make payments…
The power supply was…
Southern Power Distribution Company of Telangana Limited (TSSPDCL) filed an application under Section 42 of the Insolvency and Bankruptcy Code, 2016, seeking to set aside the rejection of part of its claim amounting to Rs. 28,28,14,013/- against Priyadarsini Limited and to direct the respondent to verify and admit the rejected portion of the claim.
Corporate debtor applied for HT Connection which was sanctioned by Central Power Distribution Company of Andhra Pradesh (APCPDCL), now Southern Power Distribution Company of Telangana Limited (TSSPDCL).
Corporate debtor failed to make payments against the invoices for supply of electricity from July 2016 till September 2016.
The power supply was disconnected on 31.07.2017 due to non-payment of dues.
Applicant company issued notice for termination of agreement dated 27.06.2018 giving 15 days' time for payment of debt.
The HT Agreement for supply of electricity was terminated with effect from 30.11.2017.
…Corporate debtor failed to make payments…
The power supply was…