Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017 Chapter IX FAST TRACK PROCESS COSTS
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Essential supplies defined to exclude goods and services that are direct inputs to a corporate debtor's output under fast-track insolvency rules. Regulation 31 defines essential supplies as electricity, water, telecommunication services and information technology services, limited to instances where such supplies are not a direct input into the output produced or supplied by the corporate debtor; routine consumption (e.g., water for drinking and sanitation) qualifies, whereas inputs used in production (e.g., water for hydro-electricity generation) do not.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Essential supplies defined to exclude goods and services that are direct inputs to a corporate debtor's output under fast-track insolvency rules.
Regulation 31 defines essential supplies as electricity, water, telecommunication services and information technology services, limited to instances where such supplies are not a direct input into the output produced or supplied by the corporate debtor; routine consumption (e.g., water for drinking and sanitation) qualifies, whereas inputs used in production (e.g., water for hydro-electricity generation) do not.
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