https://www.taxtmi.com/caselaws?id=352927 Electricity supplied to a corporate debtor is treated as an essential service during the moratorium under the Insolvency and Bankruptcy Code, 2016, because the moratorium is meant to keep the debtor as a going concern. As a result, the electricity distributor cannot disconnect supply for non-payment of current consumption charges during corporate insolvency resolution, and Section 56 of the Electricity Act, 2003 yields to the extent of inconsistency with the Code. The distributor's dues are not extinguished; the claim must be filed with the resolution professional and addressed through the insolvency resolution process. en-us Mon, 27 Nov 2017 00:00:00 +0530 Wed, 03 Jan 2018 11:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352927 Electricity supplied to a corporate debtor is treated as an essential service during the moratorium under the Insolvency and Bankruptcy Code, 2016, because the moratorium is meant to keep the debtor as a going concern. As a result, the electricity distributor cannot disconnect supply for non-payment of current consumption charges during corporate insolvency resolution, and Section 56 of the Electricity Act, 2003 yields to the extent of inconsistency with the Code. The distributor's dues are not extinguished; the claim must be filed with the resolution professional and addressed through the insolvency resolution process. Case-Laws Insolvency and Bankruptcy Mon, 27 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352927