The case has been filed by Pinax Paper Mills against the demand submitted by West Bengal Electricity Distribution Company Limited (WBSEDCL). The petitioner had taken over India Pulp & Paper Private Limited under a resolution plan approved by the NCLT in December 2024, after the commencement of CIRP in July 2022. When the petitioner applied for a fresh connection for the premises, the WBSEDCL made the pre-CIRP overdue energy rates and LPSC of Rs. 1.27 Crores approx. as a precondition.
WBSEDCL did not pressed the claim for the major unpaid power rates throughout the hearings. It relied on the LPSC, arguing that the LPSC was a “dynamic” formula under the WBERC Regulations, 2011, which could not be calculated beforehand….