In a detailed judgment dated 03.10.2024, the Hyderabad Bench of the National Company Law Tribunal (NCLT) dismissed a claim petition filed by Meja Urja Nigam Pvt. Ltd., a subsidiary of NTPC Limited (for short ‘Meja’) against the Liquidator of IVRCL Limited(for short ‘IVRCL’). The petition, filed under Section 42 of the Insolvency and Bankruptcy Code, 2016, challenged the rejection of claims amounting to Rs. 1,235.71 Crores on multiple grounds.
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