https://www.taxtmi.com/caselaws?id=445529 NCLAT dismissed appeal where appellant sought direction for corporate debtor to supply 26 WTGs under agreement dated 03.03.2010 against advance payment. Resolution Professional refused handover as appellant owed Rs.75 crores to corporate debtor with arbitration proceedings pending. Appellant's operational creditor claim of Rs.132 crores was admitted in CIRP. NCLAT held RP's decision not to handover WTGs was within statutory powers under IBC scheme to run corporate debtor as going concern. Adjudicating Authority correctly rejected appellant's interim application. en-us Thu, 09 Nov 2023 00:00:00 +0530 Fri, 10 Nov 2023 08:43:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445529 NCLAT dismissed appeal where appellant sought direction for corporate debtor to supply 26 WTGs under agreement dated 03.03.2010 against advance payment. Resolution Professional refused handover as appellant owed Rs.75 crores to corporate debtor with arbitration proceedings pending. Appellant's operational creditor claim of Rs.132 crores was admitted in CIRP. NCLAT held RP's decision not to handover WTGs was within statutory powers under IBC scheme to run corporate debtor as going concern. Adjudicating Authority correctly rejected appellant's interim application. Case-Laws Insolvency and Bankruptcy Thu, 09 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445529