Insolvency resolution prevails over electricity supply dues, so approved plans cannot be challenged on pre-resolution claims.

Approved resolution plans under the Insolvency and Bankruptcy Code cannot be impeached by invoking inconsistent electricity supply regulations or pre-resolution electricity dues. The Code's overriding effect under section 238 means such statutory demands and supply-code conditions do not survive to defeat a resolution plan approved in insolvency resolution, and the resolution professional's compliance obligations under section 30(2)(e) are confined to the Code's framework. On that basis, pre-resolution dues could not be recovered from the successful resolution applicant outside the insolvency process, and the challenge to the plan's approval failed.

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Issues: Whether the approved resolution plan could be interfered with on the ground that electricity dues claimed under supply conditions and regulatory provisions survive the corporate insolvency resolution process.

Analysis: The issue was treated as covered by earlier precedent holding that, once a resolution plan is approved under the Insolvency and Bankruptcy Code, inconsistent statutory demands and supply-code conditions cannot be pressed to defeat the plan. The Code has overriding effect under Section 238, and the resolution professional is required to ensure compliance with the Code under Section 30(2)(e). In such a situation, the question of contravention of the electricity regulations does not arise, and the appellant cannot insist on recovery of pre-resolution dues from the successful resolution applicant outside the framework of the Code.

Conclusion: The challenge to the approval of the resolution plan failed, and the appeal was dismissed.

Ratio Decidendi: In insolvency resolution, the Insolvency and Bankruptcy Code prevails over inconsistent electricity supply regulations, so approved resolution plans cannot be impeached on the ground of surviving pre-resolution electricity dues.

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