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1 - 8 of 8 (0.38 seconds)Section 30 in The Electricity Act, 2003 [Entire Act]
Kundan Care Products Limited vs Surya Kanta Satapathy & Ors on 30 January, 2020
In this regard, it is significant to
notice that the order of Adjudicating Authority dated 25th November,
2019 approving the Resolution Plan of Respondent No.4 came to be
challenged before this Appellate Tribunal in CA (AT) (Insolvency) No. 11
Company Appeal (AT) (Insolvency) No. 1271 of 2019
17
of 2020 and CA (AT) (Insolvency) No. 75 of 2020 (Kundan Care Products
Limited vs. Mr. Surya Kanta Satapathy & Ors.) and both appeals were
dismissed on 30th January, 2020. Thus, the approval of Resolution Plan
of Respondent No.4 by the Adjudicating Authority stands upheld by this
Appellate Tribunal. Admittedly, judgment rendered by this Appellate
Tribunal on 30th January, 2020 in the aforesaid appeals goes un-
assailed. The effect of approval of the Resolution Plan of Respondent
No.4 and such approval having been upheld by this Appellate Tribunal
which stands un-assailed is that the Resolution Plan of Respondent
No.4 is binding on the Corporate Debtor and all other stakeholders
involved in the Resolution Plan which encompasses the Appellant
within its fold who had the notice of pendency of Corporate Insolvency
Resolution Process culminating in approval of the Resolution Plan of
Respondent No.4.
Section 9 in The Electricity Act, 2003 [Entire Act]
New India Assurance Co. Ltd., Thr Its ... vs Puja Satish Gavali And Ors on 27 August, 2018
This proposition of law was again reiterated by the Hon'ble Apex
Court in "Committee of Creditors of Essar Steel India Limited
through Authorised Signatory v. Satish Kumar Gupta & Ors.-
2019 SCC OnLine SC 1479":
Section 31 in The Electricity Act, 2003 [Entire Act]
Section 61 in The Electricity Act, 2003 [Entire Act]
The Electricity Act, 2003
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