https://www.taxtmi.com/caselaws?id=398320 Once CIRP commenced, a pledged-goods claimant could not insist on separate possession, auction, inspection, or removal of goods from the corporate debtor's premises; such claims had to be pursued within the insolvency process, and the relief was rejected. Electricity was treated as an essential service for going-concern operations, so supply could not be disconnected for CIRP-period dues where payment discipline was maintained. Pre-CIRP arrears and surcharge had to be segregated from post-CIRP liabilities, current consumption charges were to be paid regularly, and post-CIRP arrears were directed to be paid in instalments. en-us Fri, 21 Aug 2020 00:00:00 +0530 Sat, 12 Sep 2020 14:17:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398320 Once CIRP commenced, a pledged-goods claimant could not insist on separate possession, auction, inspection, or removal of goods from the corporate debtor's premises; such claims had to be pursued within the insolvency process, and the relief was rejected. Electricity was treated as an essential service for going-concern operations, so supply could not be disconnected for CIRP-period dues where payment discipline was maintained. Pre-CIRP arrears and surcharge had to be segregated from post-CIRP liabilities, current consumption charges were to be paid regularly, and post-CIRP arrears were directed to be paid in instalments. Case-Laws Insolvency and Bankruptcy Fri, 21 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398320