2023 (8) TMI 196

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....onal Company Law Tribunal, Hyderabad Bench) allowing the application I.A (IBC)/643/2021 filed by the Liquidator for refund of security deposit of Rs. 32,24,100/-. 2. The brief facts of this case are that Corporate Insolvency Resolution Process was initiated against M/s Parikh Fabrics Pvt. Ltd. (Corporate Debtor) in CP (IB) No. 12/10/HDB/2019 by the Adjudicating Authority on 08.02.2019. 3. The Resolution Professional (Respondent) of the Corporate Debtor filed a miscellaneous application i.e. I.A. No. 988 of 2019 under Section 33(2) of the Code for liquidation of the Corporate Debtor which was allowed by the Adjudicating Authority on 21.01.2020. 4. As per the Appellant, it provided electricity connection of 300 KVA under High Tension....

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....e to lack of orders, the RP requested the Appellant for deration of power supply from 650 to 260 KVA on 14.11.2019 and on 13.01.2020 the Appellant stopped power supply due to nonpayment of power charges from December, 2019. On 20.01.2020 request was made for permanent disconnection of HT power and restoring three phase power connection for utilities and lighting for security staff. It is further alleged that upon receipt of liquidation orders from the Adjudicating Authority passed on 21.01.2020 and after public announcement on 25.01.2020, intimation was given to all statutory authorities including the Appellant for submission of their claim but no claim was received from the Appellant till date. The Respondent sought refund of the deposit w....