2023 (8) TMI 196

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....And [ Shreesha Merla ] Member ( Technical ) For the Appellant : Mr. B Dhanaraj , Advocate For the Respondent : Mr. E Om Praskash , Sr. Adv For Mr. Imayavaramban ORDER Per : Justice Rakesh Kumar Jain : This appeal is directed against the order dated 31.01.2023 passed by the Adjudicating Authority (National Company Law Tribunal, Hyderabad Bench) allowing the application I.A (IBC)/643/2021 file....

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.... on 25.07.2011 and later derated to 450 KVA on 27.11.2014. However, it is alleged that on 26.03.2016, the load was further increased to 650 KVA upon the Corporate Debtor's request but on 14.11.2019, the Corporate Debtor requested deration from 650 to 260 KVA, which was approved by the Appellant. However, it is alleged that the Corporate Debtor failed to pay the cost of estimation of amount of Rs. ....

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....rds the consumption charges. 6. On the other hand, the case set up by the Respondent is that during the CIRP when the production became very low due 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 ma....

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....ium was in operation and directed to refund the security deposit of Rs. 32,24,100/- and no order was passed regarding the claim of interest by the liquidator on the ground that since there was no agreement between the parties regarding payment of interest, therefore, the same could not have been granted. It is also stated by the liquidator before the Adjudicating Authority that though no assets of....