2019 (7) TMI 1019

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.... (JUDICIAL) For The Applicant : Mr Ranga Rao Doradla, PCS (Party in Person) ORDER Per : Shri Ratakonda Murali, Member (Judicial) 1. Under consideration is the interlocutory Application filed by Applicant / Liquidator in respect of M/s Sree Ramakrishna Alloys Limited (Corporate Debtor) under Section 60(5) r/w Rule 11 of NCLT, 2016, seeking directions to Respondent for changing the supply of pow....

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.... the Corporate Debtor is into Iron and Steel manufacturing business and for that purpose the Company was having HT power service line which is governed by HT Tariff Rates and that now since the operations at the factory of the Corporate Debtor is closed down, there is no necessity of High Transmission Power Lane. Further, the Company is receiving huge bills from the Electricity Department even wit....

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.... to M/s Sree Ramakrishna Alloys Limited (Corporate Debtor) from High Tension category to Low Tension category for reasons stated in the Application. 8. The Corporate Debtor is under liquidation. The Corporate Debtor was in the business of manufacturing of Iron and Steel. It obtained HT power service for running the Company. However, the operations at the factory of Corporate Debtor are closed dow....