Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
NCLAT Orders Refund Of Pre-CIRP Electricity Dues Paid By SRA Under Protest For Restoration Of Electricity Connection
The National Company Law Appellate Tribunal (NCLAT) directed the refund of pre-CIRP electricity dues paid by the Successful Resolution Applicant (SRA) under protest, along with the restoration of the electricity connection. The case involved a dispute over electricity dues that were paid by the SRA after the initiation of the Corporate Insolvency Resolution Process (CIRP). The NCLAT found that the dues should have been settled as part of the CIRP and ordered the refund of the amount paid under protest. This decision reinforces the principle that pre-CIRP liabilities should be addressed within the insolvency resolution framework, protecting the interests of the SRA.