Cosmic Ferro Alloys NCLAT Appeal Dismissed on Tariff Refund

NCLAT dismissed Cosmic Ferro Alloys' appeal seeking tariff revision refunds post-resolution plan approval.
Appellant claimed Rs 89.75 crore refund from DVC due to Supreme Court-mandated tariff reductions for 2006-2013 periods.
Tribunal upheld that resolution plan bindingly settled all pre-CIRP claims at Rs 24.67 crore, extinguishing other claims.
DVC's revised bills were for internal bad debt accounting only, not actual demands against the successful resolution applicant.