https://www.taxtmi.com/caselaws?id=375259 The Tribunal held that electricity supply is classified as essential services under the Insolvency and Bankruptcy Code, mandating its continuation during the moratorium period. The Corporate Debtor was directed to pay outstanding electricity dues as CIRP costs. The CoC was tasked with bearing financial obligations to maintain the Corporate Debtor as a going concern. Employees were instructed to cooperate with the Resolution Professional for smooth operations. The Tribunal emphasized the importance of essential services, financial infusion by the CoC, and employee cooperation for the Corporate Debtor's value maximization. en-us Tue, 08 Jan 2019 00:00:00 +0530 Sat, 16 Feb 2019 11:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375259 The Tribunal held that electricity supply is classified as essential services under the Insolvency and Bankruptcy Code, mandating its continuation during the moratorium period. The Corporate Debtor was directed to pay outstanding electricity dues as CIRP costs. The CoC was tasked with bearing financial obligations to maintain the Corporate Debtor as a going concern. Employees were instructed to cooperate with the Resolution Professional for smooth operations. The Tribunal emphasized the importance of essential services, financial infusion by the CoC, and employee cooperation for the Corporate Debtor's value maximization. Case-Laws Insolvency and Bankruptcy Tue, 08 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375259