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<h1>Regulation 32 defines essential supplies in insolvency: electricity, water, telecom, IT services, excluding direct production inputs.</h1> Regulation 32 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, defines essential supplies in the context of insolvency resolution process costs. Essential goods and services include electricity, water, telecommunication services, and information technology services, provided they are not direct inputs to the output produced or supplied by the corporate debtor. For example, water is considered an essential supply for drinking and sanitation, but not for generating hydro-electricity.