TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
When case Id is present, search is done only for this
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Case Laws
of of All Case Laws
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Challenge to Payment Order in Corporate Insolvency Resolution Process: Notice, Affidavits, Stay</h1> <h3>Arcelormittal India Pvt. Ltd. Versus SREI Infrastructure Finance Ltd. & Ors.</h3> Arcelormittal India Pvt. Ltd. Versus SREI Infrastructure Finance Ltd. & Ors. - TMI Issues:Impugned order directing payment of IRP costs for the use of slurry pipeline during Corporate Insolvency Resolution Process.Analysis:The judgment deals with an appeal challenging an order passed by the Adjudicating Authority regarding the payment of usage charges for a slurry pipeline during the Corporate Insolvency Resolution Process. The Appellant contests the directive to pay IRP costs to a specific entity, claiming that the entity did not claim these costs during the resolution process of the Corporate Debtor. The Resolution Professional's submissions before the Adjudicating Authority are highlighted to support this argument.The Tribunal issues notices to the Respondents, with notice waiver accepted for Respondent Nos. 1 and 2. Respondents are given a deadline to file their reply affidavits, followed by a provision for the Appellant to file a rejoinder. The Appellant is instructed to provide necessary details and contact information of Respondent No. 3 for effective service of notice through email or other available modes.The matter is listed for admission after notice on a specified date. Additionally, an ad-interim stay is placed on the operation of the impugned order, specifically regarding the payment to the entity until the next hearing date. A related interim application is disposed of as part of the judgment.
TaxTMI 