https://www.taxtmi.com/caselaws?id=290514 The Appellate Tribunal upheld the decision preventing the termination of the Power Purchase Agreement during Corporate Insolvency Resolution Process, emphasizing the need to maintain the Corporate Debtor's operations. The Tribunal held 'Gujarat Urja Vikas Nigam Ltd.' responsible for paying the dues of the Corporate Debtor for electricity supplied from the Solar Power Plant, highlighting the purchaser's obligation to make payments regardless of the insolvency status. The judgment stressed the importance of ensuring continuity in electricity supply and the functioning of the Corporate Debtor during insolvency proceedings. en-us Tue, 15 Oct 2019 00:00:00 +0530 Tue, 16 Nov 2021 13:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290514 The Appellate Tribunal upheld the decision preventing the termination of the Power Purchase Agreement during Corporate Insolvency Resolution Process, emphasizing the need to maintain the Corporate Debtor's operations. The Tribunal held 'Gujarat Urja Vikas Nigam Ltd.' responsible for paying the dues of the Corporate Debtor for electricity supplied from the Solar Power Plant, highlighting the purchaser's obligation to make payments regardless of the insolvency status. The judgment stressed the importance of ensuring continuity in electricity supply and the functioning of the Corporate Debtor during insolvency proceedings. Case-Laws Insolvency and Bankruptcy Tue, 15 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290514