Prudeta
Prudeta
2026 INSC 284
📌 Paras 1-3
The appellant, Central Transmission Utility of India Limited, provides transmission services. KSK Mahanadi Power Company Limited (KMPCL), a power generation unit, had entered into a Transmission Service Agreement (TSA) with the appellant's predecessor. KMPCL subsequently underwent Corporate Insolvency Resolution Process (CIRP) initiated on October 3, 2019. KMPCL had made a cash deposit of Rs. 108.44 crores with the appellant prior to CIRP. The dispute concerns the appropriation of Rs. 85.13 crores of this deposit towards pre-CIRP dues, which the appellant sought to adjust against bills raised before and after the CIRP.
📌 Para 2
Whether the appellant, Central Transmission Utility of India Limited, could appropriate the pre
The bench further analyzed the constitutional validity of the impugned provisions and discussed the interpretation of Articles 14 and 21 in light of recent precedents...
Citing the ratio in prior decisions, the court held that the legislative intent was to ensure...
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