https://www.taxtmi.com/caselaws?id=278735 The Tribunal clarified that the 'Moratorium' order does not exempt the Corporate Debtor from paying current charges for essential services like electricity. While such costs may be considered as 'Insolvency Resolution Process Costs,' the Corporate Debtor remains liable for payment to ensure business continuity. Specific directions were issued for the payment of outstanding current charges for electricity by the Resolution Professional to the Appellant by specified dates, prohibiting late payment surcharges or disconnection of supply. The appeal was disposed of with these observations, and no costs were awarded in the case. en-us Thu, 08 Feb 2018 00:00:00 +0530 Tue, 19 Feb 2019 07:25:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278735 The Tribunal clarified that the 'Moratorium' order does not exempt the Corporate Debtor from paying current charges for essential services like electricity. While such costs may be considered as 'Insolvency Resolution Process Costs,' the Corporate Debtor remains liable for payment to ensure business continuity. Specific directions were issued for the payment of outstanding current charges for electricity by the Resolution Professional to the Appellant by specified dates, prohibiting late payment surcharges or disconnection of supply. The appeal was disposed of with these observations, and no costs were awarded in the case. Case-Laws Insolvency and Bankruptcy Thu, 08 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278735