NCLT Admits Tata Power EV Charging’s Insolvency Plea Against Cab-EEZ Infra

The Mumbai bench of the National Company Law Tribunal has admitted Tata Power EV Charging Solutions Ltd.’s insolvency plea against Cab-EEZ Infra Tech Ltd. over unpaid dues of ₹19.13 million. The tribunal appointed Manish Lalji Dawda as the interim resolution professional to oversee the process under the Insolvency and Bankruptcy Code, 2016.

The tribunal observed that Tata Power EV Charging qualifies as an operational creditor and that Cab-EEZ had defaulted on its payments despite receiving a statutory demand notice. It also declared a moratorium on Cab-EEZ under Section 14 of the IBC.

Cab-EEZ had entered into a master service agreement in 2020 with Tata Power Co. Ltd., the parent of Tata Power EV Charging, for unmanned electric vehicle charging services. The responsibility was later transferred to Tata Power EV Charging in 2022, which then began billing Cab-EEZ directly. After repeated non-payment, Tata Power EV Charging filed for insolvency proceedings.

Mumbai-based Cab-EEZ, which operates under the Cab-E brand, is a “Green-Tech Urban Mobility Marketplace” offering electric cab services for city, inter-city, and customised commuting. The company recently partnered with Citroen India to supply 2,000 units of its e-C3 electric vehicles.