Subsequent Buyer’s Post-CIRP Electricity Dues Dispute Outside Insolvency Jurisdiction: NCLT Ahmedabad

Liquidation

The Ahmedabad bench of the National Company Law Tribunal (NCLT) has held that a subsequent purchaser could not invoke its insolvency jurisdiction over an electricity dues dispute that arose after completion of the insolvency process and transfer of the property. The bench comprising Judicial Member Shammi Khan and Technical Member Sanjeev Sharma observed, “The declaration…