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Innoventive Industries Ltd. Versus Maharashtra State Electricity Distribution Company Ltd.

2017 (11) TMI 783 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL, NEW DELHI

Restore the electrical connection of the ‘Corporate Debtor’, if the amount towards consumption of electricity due since the date of moratorium (17.01.2017) till September, 2017 is paid - Held that:- We allow the (Interim) Resolution Professional (IRP .....

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om the date of receipt of amount to ensure that the company remains on going and functional. On such restoration of such electricity, the IRP on behalf of the ‘Corporate Debtor’ will also pay month to month charges towards consumption of electricity .....

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od prior to passing of order of moratorium, which can be considered at the time of payment of dues to the creditors (Resolution Plan). - Company Appeal (AT) (Insolvency) No. 156 of 2017 And I.A. No. 612 of 2017 - Dated:- 6-10-2017 - Mr. A.I.S. Cheema .....

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mpany Limited submits that in view of the earlier order dated 21st September, 2017, respondent is inclined to restore the electrical connection of the Corporate Debtor , if the amount towards consumption of electricity due since the date of moratoriu .....

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