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 of KSK Mahanadi Power Company Limited while considering a petition filed by Uttar Pradesh Power Corporation Limited seeking consolidation of the CIRP of KSK Mahanadi Power Company Limited with two other companies: KSK Water Infrastructure Private Limited and Raigarh Champa Rail Infrastructure Private Limited. The National Company Law Tribunal (NCLT) had previously rejected the consolidation application, and an appeal against that rejection was pending before the National Company Law Appellate Tribunal (NCLAT).
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. Uttar Pradesh Power Corporation Limited, the first respondent, had filed a petition before the High Court seeking consolidation of the CIRP of KSK Mahanadi Power Company Limited with two other companies: KSK Water Infrastructure Private Limited and Raigarh Champa Rail Infrastructure Private Limited. The NCLT had previously rejected the consolidation application. The High Court declined to grant the consolidation but directed the NCLT to examine the application filed by Uttar Pradesh Power Corporation Limited and deferred the CIRP of KSK Mahanadi Power Company Limited
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The High Court of Telangana passed an order…
NCLT rejected the application seeking…
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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 of KSK Mahanadi Power Company Limited while considering a petition filed by Uttar Pradesh Power Corporation Limited seeking consolidation of the CIRP of KSK Mahanadi Power Company Limited with two other companies: KSK Water Infrastructure Private Limited and Raigarh Champa Rail Infrastructure Private Limited. The National Company Law Tribunal (NCLT) had previously rejected the consolidation application, and an appeal against that rejection was pending before the National Company Law Appellate Tribunal (NCLAT).
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. Uttar Pradesh Power Corporation Limited, the first respondent, had filed a petition before the High Court seeking consolidation of the CIRP of KSK Mahanadi Power Company Limited with two other companies: KSK Water Infrastructure Private Limited and Raigarh Champa Rail Infrastructure Private Limited. The NCLT had previously rejected the consolidation application. The High Court declined to grant the consolidation but directed the NCLT to examine the application filed by Uttar Pradesh Power Corporation Limited and deferred the CIRP of KSK Mahanadi Power Company Limited
…The High Court of Telangana passed an order…
NCLT rejected the application seeking…
Sign in to view related legal provisions.