https://www.taxtmi.com/caselaws?id=384595 The National Company Law Tribunal (NCLT) dismissed the Corporate Debtor's application seeking restoration of gas supply by ONGC, ruling that natural gas does not qualify as an essential supply under Section 14 of the Insolvency and Bankruptcy Code (IBC). The Tribunal emphasized its limited jurisdiction and inability to interfere with ONGC's rights, stating that ONGC's actions were not in violation of the IBC. The decision highlights the necessity of adhering to the specific provisions of the IBC when seeking relief in insolvency proceedings. en-us Wed, 15 May 2019 00:00:00 +0530 Mon, 19 Aug 2019 07:16:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384595 The National Company Law Tribunal (NCLT) dismissed the Corporate Debtor's application seeking restoration of gas supply by ONGC, ruling that natural gas does not qualify as an essential supply under Section 14 of the Insolvency and Bankruptcy Code (IBC). The Tribunal emphasized its limited jurisdiction and inability to interfere with ONGC's rights, stating that ONGC's actions were not in violation of the IBC. The decision highlights the necessity of adhering to the specific provisions of the IBC when seeking relief in insolvency proceedings. Case-Laws Insolvency and Bankruptcy Wed, 15 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384595