Ballarpur Industries Limited (Corporate Debtor), having undergone Corporate Insolvency Resolution Process (CIRP) and resolution plan approval, filed an application (I.A. 579/2025) before the National Company Law Tribunal (NCLT) against the Haryana State Pollution Control Board (HSPCB). The application sought directions for HSPCB to withdraw a demand of INR 7,49,04,730/- related to excess expenses for land acquisition for the construction of a Ditch Drain and to restrain HSPCB from sealing the Corporate Debtor's unit. The Ditch Drain, constructed by the Irrigation Department for effluent discharge from industries including the Corporate Debtor's unit, became operational in December 2009. HSPCB had raised various demands for enhanced compensation over the years, which
…A Ditch Drain was constructed by the Irrigation Department for carrying effluent of District Yamunanagar, with an initial estimated cost of Rs. 8.33 Crores.
The Ditch Drain became operational upon its full completion in December 2009.
M/s Finquest Financial Solutions Pvt. Ltd. filed an application under Section 7 of the IBC, leading to the Corporate Debtor, Ballarpur Industries Limited, being admitted into insolvency proceedings on 17.01.2020.
The Resolution Plan for Ballarpur Industries Limited was approved by the Adjudicating Authority under Section 31 of IBC on 31.03.2023, and a new Board of Directors was appointed on 12.06.2023.
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Decision for acquiring…
HSPCB asked the corporate debtor to pay Rs.…
Ballarpur Industries Limited (Corporate Debtor), having undergone Corporate Insolvency Resolution Process (CIRP) and resolution plan approval, filed an application (I.A. 579/2025) before the National Company Law Tribunal (NCLT) against the Haryana State Pollution Control Board (HSPCB). The application sought directions for HSPCB to withdraw a demand of INR 7,49,04,730/- related to excess expenses for land acquisition for the construction of a Ditch Drain and to restrain HSPCB from sealing the Corporate Debtor's unit. The Ditch Drain, constructed by the Irrigation Department for effluent discharge from industries including the Corporate Debtor's unit, became operational in December 2009. HSPCB had raised various demands for enhanced compensation over the years, which
…A Ditch Drain was constructed by the Irrigation Department for carrying effluent of District Yamunanagar, with an initial estimated cost of Rs. 8.33 Crores.
The Ditch Drain became operational upon its full completion in December 2009.
M/s Finquest Financial Solutions Pvt. Ltd. filed an application under Section 7 of the IBC, leading to the Corporate Debtor, Ballarpur Industries Limited, being admitted into insolvency proceedings on 17.01.2020.
The Resolution Plan for Ballarpur Industries Limited was approved by the Adjudicating Authority under Section 31 of IBC on 31.03.2023, and a new Board of Directors was appointed on 12.06.2023.
…Decision for acquiring…
HSPCB asked the corporate debtor to pay Rs.…