https://www.taxtmi.com/caselaws?id=293293 The Adjudicating Authority upheld the rejection of Encotec Energy (India) Pvt. Ltd.'s claim as an 'Operational Creditor' against Sai Wardha Power Generation Ltd. due to the absence of any outstanding amount in the Applicant's ledger. The Resolution Plan submitted by a Consortium was approved by the Committee of Creditors, with the Adjudicating Authority ruling that the Appellate Tribunal lacked jurisdiction to decide on disputed facts. The Appellate Tribunal allowed Encotec Energy to pursue the claim before the Successful Resolution Applicant or file a Suit if the claim was not accepted, emphasizing independent settlement without interference from the authorities. en-us Wed, 13 Nov 2019 00:00:00 +0530 Wed, 03 Feb 2021 06:52:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293293 The Adjudicating Authority upheld the rejection of Encotec Energy (India) Pvt. Ltd.'s claim as an 'Operational Creditor' against Sai Wardha Power Generation Ltd. due to the absence of any outstanding amount in the Applicant's ledger. The Resolution Plan submitted by a Consortium was approved by the Committee of Creditors, with the Adjudicating Authority ruling that the Appellate Tribunal lacked jurisdiction to decide on disputed facts. The Appellate Tribunal allowed Encotec Energy to pursue the claim before the Successful Resolution Applicant or file a Suit if the claim was not accepted, emphasizing independent settlement without interference from the authorities. Case-Laws Insolvency and Bankruptcy Wed, 13 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293293