The Allahabad High Court recently upheld a demand notice issued by Uttar Pradesh Electricity Department to recover 9 crore electricity dues from defaulter company which was declared insolvent under the provisions of the Insolvency and Bankruptcy Code, 2016, and the resolution plan approved by the National Company Law Tribunal (NCLT) [Narendra Singh Panwar v Pashchimanchal Vidyut Vitran Nigam Limited].
The present plea was filed against the notice of demand dated June 30, 2022 under Section 3 read with Section 5 of the UP Government Electrical Undertakings (Dues Recovery) Act of 1958 by the Electricity department for recovery of electricity dues of the company named M/s Trimurti Concast Pvt Ltd. The petitioner in the case was one of t…
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