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        Case ID :
        Insolvency and Bankruptcy

        Validity of approval of resolution plan of corporate debtor -...

        Court Upholds Resolution Plan; New Power Purchase Agreement Required Under WBERC Regulations Post-CIRP Conclusion.

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                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.
                                Validity of approval of resolution plan of corporate debtor - the Resolution plan as approved by the CoC using its commercial wisdom and subsequent approval by the Adjudicating Authority vide the Impugned Order does not suffer from any legal infirmity. Moreover the new connection to the successful resolution applicant/corporate debtor should be given under WBERC Regulations as the CIRP has ended and a fresh power purchase agreement is necessary which will require fresh security deposit and payment of any other charges as required under WBERC Regulations, which will be in accordance with the modifications in approved resolution plan - AT
                                Note: It is a system-generated summary and is for quick reference only.
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