Coimbatore: Operational hurdles, including that from non-cooperative promoters and staff of company under insolvency process is forcing interim resolution professionals (IRPs) to move National Company Law Tribunal (NCLT).
In a recent case involving ABG Shipyard, Sundaresh Bhat, the IRP, moved the Ahmedabad bench of the NCLT to stop an electricity company from disconnecting power supply to the company’s unit.
Following the IRP’s petition to restrain the electricity company from stopping electric supply, NCLT directed the Dakshin Gujarat Vij Company not to disconnect power supply to ABG Shipyard’s Surat unit during the moratorium period under IBC.
“However, Dakshin Gujarat Vij Company is entitled to make a claim for elec…
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