TATA POWER COMPANY LIMITED Vs. MEENAKSHI ENERGY LIMITED

JUDGEMENT

(1.) The Company Petition bearing C.P(IB) .No.226/09/HDB/2017 is filed by M/s. Tata Power Company Limited u/s 9 of the IBC Code, 2016 R/W Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016 by seeking to initiate Corporate Insolvency Resolution Process in respect of M/s. Meenakshi Energy Limited under IBC,2016.

(2.) Brief facts, leading to the filing of present Company petition are as follows:

(3.) Heard Shri R.Raghunanda Rao, Senior Counsel along with Ms. B.Saroj and Kajal Kumari for the petitioner/Operational Creditor and Shri Deepak Bhattacharjee, Senior Counsel with Ms.Vinita R. Thakur for the Respondent/Corporate Debtor, and have carefully perused all pleadings of both the parties along with material papers and extant provisions of IBC, 2016.