# In the matter of Corporate Power Limited

> NCLT judgment dated 2025-07-07. Citation: TCN-2025-NCLT-00828. Hindustan Electric House, as an operational creditor, filed an application under Regulation 17…

- **Court:** NCLT
- **Order date:** 7 Jul 2025
- **Citation:** TCN-2025-NCLT-00828
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-kolkata/corporate-power-limited-6e6859d0

## 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).

## Facts

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

The liquidator admitted Rs. 16,44,372/- of the total claim and rejected the rest.

The rejected amount pertained to interest charged and dues against the group entity.

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

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

The applicant's claim included an interest amount of Rs. 20,91,999.64/-.

The liquidator rejected the interest claim because there was no document or agreement containing a specific clause for levying of interest.

## Issues and analysis

### Issue 1: Whether the application filed by Hindustan Electric House is maintainable given that it was filed …

**Ratio:** The application is liable to be dismissed

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**Reasoning:** The applicant failed to file the application under the proper provision as well as within

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**Interpretation:** The court interpreted that applications must be filed under the correct legal

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**Application:** The court applied this principle to dismiss the application because it was

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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 process…
- **2021-11-10 — Last Date of Claim…**: The last date for…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 42 — Appeal against the decision of liquidator](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-42)

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