Company Appeal (AT) (Insolvency) No. 410 of 2019
IN THE MATTER OF:
Maharashtra State Electricity Distribution Co. Ltd. …Appellant
Phoenix Erectors Pvt. Ltd. & Anr. …Respondents
Are ‘Financial Creditors’ and ‘Operational Creditors’ are given similar treatement or not without any discrimination.
(para4) Respondent submitted that the ‘Successful Resolution Applicant’ further submits that all the ‘Financial Creditors’ have been given 17.8% of their debts whereas all the ‘Operational Creditors’ have been provided with 17.5% of their debts.
Therefore both the ‘Financial Creditors’ and the ‘Operational Creditors’ inter se have been given same treatment and no discrimination has been made.
For the reasons aforesaid, we are not inclined to interfere with the impugned order. The appeal is dismissed. No costs.
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