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NATIONAL COMPANY LAW TRIBUNAL
Shri Rammurti Kushawaha, Member (Judicial), Shri Yogendra Kumar Singh, Member (Technical)
M/s Satnam Global Infraprojects Limited – Appellant
Versus
Meghalaya Power Distribution Corporation Limited – Respondent
| Table of Content |
|---|
| 1. cirp application details. (Para 1) |
| 2. operational creditor's facts. (Para 2) |
| 3. petitioner submission of claims. (Para 3) |
| 4. corporate debtor's objections and reasons. (Para 4) |
| 5. appointment and function of authorities. (Para 5) |
| 6. corporate debtor's defenses. (Para 6) |
| 7. court's observations on claims and defenses. (Para 7 , 8 , 9) |
| 8. conclusion of observations. (Para 10) |
| 9. determination of operational debt. (Para 11) |
| 10. admittance to cirp. (Para 12) |
| 11. court orders and directives. (Para 13 , 14 , 15 , 16 , 17 , 18 , 19 , 20 , 21 , 22) |
| 12. final procedural directives. (Para 23 , 24 , 25 , 26) |
JUDGEMENT
1. This Company Petition is filed by M/s Satnam Global Infraprojects Limited (“Operational Creditor”) under Section 9 of the Insolvency and Bankruptcy Code, 2016 (“Code”) read with Rule 6 of Insolvency & Bankruptcy (Application to Adjudicating Authority) Rules, 2016 seeking initiation of the Corporate Insolvency Resolution Process (“CIRP”) against Meghalaya Power Distribution Corporation Limited (“Corporate Debtor”) on account of non-payment of an operational debt amounting to Rs. 96,10,90,889.83/- (Rupees Ninety Six Crore Ten Lakh Ninety Thousand Eight Hundred Eighty Ni
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