# In the matter of Silverton Spinners Limited

> NCLT judgment dated 2025-07-08. Citation: TCN-2025-NCLT-00821. The case involves an application by the liquidator of Silverton Spinners Limited, a corporate…

- **Court:** NCLT
- **Order date:** 8 Jul 2025
- **Citation:** TCN-2025-NCLT-00821
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-kolkata/silverton-spinners-limited-6a7365f1

## Summary

### Background

The case involves an application by the liquidator of Silverton Spinners Limited, a corporate debtor undergoing liquidation, seeking restoration of temporary electricity connection to the corporate debtor's plant premises. The corporate insolvency resolution process (CIRP) was initiated against Silverton Spinners Limited on 8 November 2019. The Committee of Creditors (CoC) decided in favor of liquidation on 13 February 2023, and a liquidation order was passed on 25 January 2024, appointing Mr. Pratap Mukherjee as the Liquidator. Subsequently, Mr. Pratim Bayal was appointed as the liquidator.

## Facts

Corporate Insolvency Resolution Process (CIRP) was initiated against Silverton Spinners Limited on 8 November 2019.

The Committee of Creditors (CoC) decided in favor of liquidation on 13 February 2023.

A liquidation order was passed on 25 January 2024, appointing Mr. Pratap Mukherjee as the Liquidator.

Mr. Pratim Bayal was subsequently appointed as the liquidator.

The liquidator applied for restoration of temporary electricity connection to the corporate debtor's plant premises.

The respondent, West Bengal State Electricity Distribution Company Limited, refused to restore the connection due to outstanding dues.

The applicant undertook to make immediate payment of all electricity dues arising post restoration.

…

## Issues and analysis

### Issue 1: Whether the respondent should be directed to restore the temporary electricity connection to the …

**Ratio:** The restoration of electricity is essential to ensure the safety and upkeep of the

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**Reasoning:** The Tribunal considered the importance of electricity for the security and protection of

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**Interpretation:** The Tribunal interpreted Section 60(5) of the Insolvency & Bankruptcy Code,

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**Application:** The Tribunal applied the principle that essential services should be maintained

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## Parties

- **Judges:** Labh S…; Rekha Kantilal…
- **Appellants:** PratimB…
- **Respondents:** Silverton…; West Bengal State…
- **Other parties:** State Bank of…; Parveen B…; +1 more
- **Advocates:** Shaunak…; Namrrataa…

## Timeline

- **2019-11-08 — CIRP Init…**: Corporate Insolvency Resolution Process (CIRP) was initiated against Silverton Spinners…
- **2023-02-13 — CoC Deci…**: The Committee of Creditors (CoC)…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 60(5) — Adjudicating Authority for corporate persons](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-60)

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