https://www.taxtmi.com/caselaws?id=299676 A clerical misdescription in an earlier NCLT order, where the Resolution Professional was referred to as the Liquidator, was rectified under the Tribunal's correction power. The Tribunal also found that termination of a power purchase agreement during the moratorium period was contrary to the statutory insolvency protection, as the corporate insolvency resolution process had already been admitted and the moratorium was in force when notice was issued. The agreement was directed to be restored, while connected applications were left pending for further consideration. en-us Mon, 14 Oct 2019 00:00:00 +0530 Fri, 24 Dec 2021 20:33:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299676 A clerical misdescription in an earlier NCLT order, where the Resolution Professional was referred to as the Liquidator, was rectified under the Tribunal's correction power. The Tribunal also found that termination of a power purchase agreement during the moratorium period was contrary to the statutory insolvency protection, as the corporate insolvency resolution process had already been admitted and the moratorium was in force when notice was issued. The agreement was directed to be restored, while connected applications were left pending for further consideration. Case-Laws Companies Law Mon, 14 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299676