High Court Was Not Inclined To Interfere TGSPDCL Demand Notice Of Amount Rs 4.21 Crore To M/s Sanghi Companies
A division bench of the High Court comprising Justice Moushumi Bhattacharya and Justice Gadi Praveen Kumar rejected the contention of Sanghi Polymers Private Ltd, that it should not be held responsible for the dues of a sister concern, Sanghi Polyesters Ltd, which was undergoing liquidation.
Hyderabad: Industries of the Sanghi Group at Sanghinagar, Hayatnagar, were on the verge of power supply disconnection on Friday. The Telangana High Court was not inclined to intervene in the demand notices issued to the group to pay over Rs 4.21 crore in long-pending grid support charges (GSC) and interest, termed as surcharge, for the period from FY 2002-03 to 2008-09.
A division bench of the High Court comprising Justice Moushumi Bhattacharya and Justice Gadi Praveen Kumar rejected the contention of Sanghi Polymers Private Ltd, that it should not be held responsible for the dues of a sister concern, Sanghi Polyesters Ltd, which was undergoing liquidation. It argued that it had no connection with Sanghi Polyesters.
The court also rejected the company’s argument that any claims against it post-liquidation must be filed before the liquidator.
Earlier, a single judge had dismissed the petition filed by Sanghi Polymers, which the division bench upheld on Friday.
The division bench conceded the arguments of N. Sreedhar Reddy, standing counsel for the Telangana Southern Power Distribution Company Limited (TGSPDCL), that the then AP State Electricity Board (APSEB) had released power supply on 17.03.1991 vide HT service connection in the name of Sanghi Polyesters Limited by clubbing 15 existing services of sister concerns, and power supply was continuing on the same connection.
Standing counsel told the court that Sanghi Polymers had entered into an agreement dated 22.05.2020 undertaking to pay all the charges in respect of the service connection granted in 1991. It cannot now claim that only Sanghi Polyesters was liable to pay the charges, he said.
Following the court’s non-intervention in the demand notices , the TGSPDCL has initiated to recover the due amount and if need be disconnect power supply, which would impact not only Sanghi Polymers and 16 group companies but also their employees, their families, the Sanghi temple and nearly 1000 families in Sanghinagar.