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NCLAT asks Monnet Power Resolution Professional to consider BHEL's claims

Appellate tribunal says RP must consider BHEL's claims if company is able to verify the same

Will take action against firms such as Liberty House: NCLAT

Aashish Aryan New Delhi
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 “accounts and evidence”.

The RP of Monnet Power had rejected BHEL’s 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 “wrongly disallowed the substantial claim in its entirety”. It had then asked the RP

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First Published: Feb 26 2019 | 9:07 PM IST

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