https://www.taxtmi.com/caselaws?id=398872 The Tribunal directed a limited reconnection period for electricity to the Corporate Debtor during the Corporate Insolvency Resolution Process (CIRP) to ensure operational status without the need for payment of past arrears. The Committee of Creditors (CoC) emphasized maximizing the Company's resolution value through operational continuity, with specific directions for machinery operation and stakeholder asset value optimization. The dispute over arrear amounts, Expression of Interest (EoI) issuance, and Resolution Applicants' conditions were considered, ultimately leading to the disposal of the application with instructions for a three-week limited reconnection period for trial production. en-us Fri, 08 May 2020 00:00:00 +0530 Sat, 26 Sep 2020 11:41:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398872 The Tribunal directed a limited reconnection period for electricity to the Corporate Debtor during the Corporate Insolvency Resolution Process (CIRP) to ensure operational status without the need for payment of past arrears. The Committee of Creditors (CoC) emphasized maximizing the Company's resolution value through operational continuity, with specific directions for machinery operation and stakeholder asset value optimization. The dispute over arrear amounts, Expression of Interest (EoI) issuance, and Resolution Applicants' conditions were considered, ultimately leading to the disposal of the application with instructions for a three-week limited reconnection period for trial production. Case-Laws Insolvency and Bankruptcy Fri, 08 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398872