NEW DELHI: The NCLAT Tuesday dismissed a petition of the resolution professional of debt-ridden Monnet Power Company against an NCLT order, which had directed the firm to reconsider claims of its operational creditor state-owned BHEL.
A two-member National Company Law Appellate Tribunal (NCLAT) bench headed by Justice S J Mukhopadhaya asked the RP to act in accordance with the directions passed by the Mumbai bench of the NCLT on October 12, 2018, directing it to re-examine the claims of BHEL.
The National Company Law Tribunal (NCLT) Mumbai had said RP of Monnet Power Company had “wrongly disallowed the substantial claim in its entirety” of BHEL, an operational creditor of the company.
