Petition Dismissed: No Binding Agreement for Corporate Debtor to Consume 60,00,000 Units Annually Under Power Purchase Agreement.

CIR process - Petitioner and the Debtor entered into Power Purchase Agreement for supply of 20,00,000 units - since no agreement between the parties obligating the Corporate Debtor to consume 60,00,000 units per year - there is no existence of debt - Petition dismissed .....

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