https://www.taxtmi.com/caselaws?id=349413 Electricity used as a direct input in manufacturing is not treated as an essential service under Regulation 32 of the IBBI (CIRP) Regulations, 2016. The provision protects electricity, water, telecommunication and IT services only to the extent they are not direct inputs to the output produced or supplied by the corporate debtor. Because the supply was used to run the manufacturing business rather than for domestic or ancillary needs, the moratorium protection under section 14(2) of the Insolvency and Bankruptcy Code was held inapplicable to restrain suspension or termination of supply. en-us Wed, 23 Aug 2017 00:00:00 +0530 Wed, 03 Jan 2018 12:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349413 Electricity used as a direct input in manufacturing is not treated as an essential service under Regulation 32 of the IBBI (CIRP) Regulations, 2016. The provision protects electricity, water, telecommunication and IT services only to the extent they are not direct inputs to the output produced or supplied by the corporate debtor. Because the supply was used to run the manufacturing business rather than for domestic or ancillary needs, the moratorium protection under section 14(2) of the Insolvency and Bankruptcy Code was held inapplicable to restrain suspension or termination of supply. Case-Laws Insolvency and Bankruptcy Wed, 23 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349413