The Committee of Creditors (CoC) of KSK Mahanadi Power Company Limited, a company undergoing Corporate Insolvency Resolution Process (CIRP), filed an appeal against an order of the High Court of Telangana. The High Court had deferred the CIRP based on a petition filed by Uttar Pradesh Power Corporation Limited seeking consolidation of the appellant's CIRP with those of KSK Water Infrastructure Private Limited and Raigarh Champa Rail Infrastructure Private Limited. The High Court declined to grant the consolidation but relegated the first respondent to file an application before the NCLT, directing the NCLT to examine the application and pass appropriate orders, while deferring the Resolution Process until such time.
The Committee of Creditors (CoC) of KSK Mahanadi Power Company Limited, a company undergoing Corporate Insolvency Resolution Process (CIRP), appealed a decision by the High Court of Telangana. Uttar Pradesh Power Corporation Limited, the first respondent, had petitioned the High Court under Article 226 of the Constitution, seeking consolidation of the CIRP of KSK Mahanadi Power Company Limited with those of KSK Water Infrastructure Private Limited and Raigarh Champa Rail Infrastructure Private Limited. The High Court declined the consolidation request but directed the first respondent to file an application before the National Company Law Tribunal (NCLT) and instructed the NCLT to examine the application and pass appropriate orders. Simultaneously, the High Court
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The Committee of Creditors (CoC) of KSK Mahanadi Power Company Limited, a company undergoing Corporate Insolvency Resolution Process (CIRP), filed an appeal against an order of the High Court of Telangana. The High Court had deferred the CIRP based on a petition filed by Uttar Pradesh Power Corporation Limited seeking consolidation of the appellant's CIRP with those of KSK Water Infrastructure Private Limited and Raigarh Champa Rail Infrastructure Private Limited. The High Court declined to grant the consolidation but relegated the first respondent to file an application before the NCLT, directing the NCLT to examine the application and pass appropriate orders, while deferring the Resolution Process until such time.
The Committee of Creditors (CoC) of KSK Mahanadi Power Company Limited, a company undergoing Corporate Insolvency Resolution Process (CIRP), appealed a decision by the High Court of Telangana. Uttar Pradesh Power Corporation Limited, the first respondent, had petitioned the High Court under Article 226 of the Constitution, seeking consolidation of the CIRP of KSK Mahanadi Power Company Limited with those of KSK Water Infrastructure Private Limited and Raigarh Champa Rail Infrastructure Private Limited. The High Court declined the consolidation request but directed the first respondent to file an application before the National Company Law Tribunal (NCLT) and instructed the NCLT to examine the application and pass appropriate orders. Simultaneously, the High Court
…The High Court of Telangana passed an order in…
NCLT rejected an…
Sign in to view related legal provisions.