{"id":261374,"date":"2019-02-27T05:04:09","date_gmt":"2019-02-27T05:04:09","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=261374"},"modified":"2019-02-27T05:33:21","modified_gmt":"2019-02-27T05:33:21","slug":"nclat-asks-monnet-power-resolution-professional-to-consider-bhels-claims","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/nclat-asks-monnet-power-resolution-professional-to-consider-bhels-claims\/","title":{"rendered":"NCLAT asks Monnet Power Resolution Professional to consider BHEL&#8217;s claims"},"content":{"rendered":"<p>The National Company Law Appellate Tribunal (NCLAT) on Tuesday asked the Resolution Professional (RP) of Monnet Power Company to consider the claims of Bharat Heavy Electricals Limited (BHEL) in entirety if the latter was able to prove the same on the basis of \u201caccounts and evidence\u201d.<\/p>\n<p>The RP of Monnet Power had rejected BHEL\u2019s claim of Rs 977 crore along with interest, following which BHEL had approached the Mumbai bench of National Company Law Tribunal (NCLT). The NCLT Mumbai on October 12 said that the RP had \u201cwrongly disallowed the substantial claim in its entirety\u201d. It had then asked the RP to re-examine BHEL\u2019s claim based on the accounts and evidence that the company presented. \u201cIf the evidence corroborated the claim, the same should also be taken into account while finalising the total claim of BHEL,\u201d NCLT Mumbai had said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The National Company Law Appellate Tribunal (NCLAT) on Tuesday asked the Resolution Professional (RP) of Monnet Power Company to consider the claims of Bharat Heavy Electricals Limited (BHEL) in entirety if the latter was able to prove the same on the basis of \u201caccounts and evidence\u201d. The RP of Monnet Power had rejected BHEL\u2019s claim of Rs 977 crore along with interest, following which BHEL had approached the Mumbai bench of National Company Law Tribunal (NCLT). The NCLT Mumbai on October 12 said that the RP had \u201cwrongly disallowed the substantial claim in its entirety\u201d. It had then asked the [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-261374","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/261374","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=261374"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/261374\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=261374"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=261374"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=261374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}