Can NCLT/NCLAT Decide if Successful Resolution Applicant Must Pay Pre-CIRP Electricity Dues?
The National Company Law Appellate Tribunal (NCLAT) in Punjab State Power Corporation Limited Versus Akums Lifesciences Limited held that the Successful Resolution Applicant (SRA) cannot be compelled to pay pre-CIRP electricity dues as a condition for restoring the electricity connection after the approval of the Resolution Plan and the takeover of the corporate debtor. The corporate debtor was admitted into […]
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