# In the matter of Corporate Power Limited

> NCLT judgment dated 2025-07-07. Citation: TCN-2025-NCLT-00826. Hindustan Electric House, as an operational creditor, filed an application under Regulation 17…

- **Court:** NCLT
- **Order date:** 7 Jul 2025
- **Citation:** TCN-2025-NCLT-00826
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-kolkata/corporate-power-limited-6a5f9612

## Summary

### Background

Hindustan Electric House, as an operational creditor, filed an application under Regulation 17 and 30 of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016, read with Rule 11 of the National Company Law Tribunal Rules, 2016, against Mr. Pankaj Dhanuka, the Liquidator of Corporate Power Limited (Corporate Debtor). The applicant sought a direction to admit their claim of Rs. 22,78,227.64, which was rejected by the liquidator.

## Facts

Hindustan Electric House filed an application against Mr. Pankaj Dhanuka, the Liquidator of Corporate Power Limited, seeking admission of their claim of Rs. 22,78,227.64.

The liquidator admitted Rs. 16,44,372/- of the total claim and rejected the rest, citing that the rejected amount pertained to interest charged and dues against the group entity.

The applicant submitted a claim of Rs. 39,22,599.64/- before the liquidator after a public announcement.

The liquidation commenced on 08.10.2021, and the last date of submission of claim was 10.11.2021.

The liquidator informed the applicant on 18.12.2021 about the partial rejection of the claim.

The application was filed on 25.08.2023, which is long after two years from the date of rejection.

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## Issues and analysis

### Issue 1: Whether the application should be rejected for …

**Ratio:** Mentioning the wrong section of law in an application is typically not considered fatal

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**Reasoning:** The court relied on the judgment in Sh Rajeev Shukla v. Sh Gopal Krishna Shukla, which

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**Interpretation:** If the incorrect section does not mislead the court or the other party and no

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**Application:** In this case, the application was preferred under the wrong provision, but it

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## Parties

- **Judges:** BIDISHA BA…; Cmde Siddharth…
- **Appellants:** Hindustan…
- **Respondents:** Corporate Power…; Pankaj Dh…
- **Other parties:** Asset Reconstructi…
- **Advocates:** Manju Bhu…; Anupam Pr…; +11 more

## Timeline

- **2021-10-08 — Liquidation C…**: The liquidation of Corporate…
- **2021-11-10 — Last Date of Claim…**: The last date for submission…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 5(21) — Definitions](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-5)

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