https://www.taxtmi.com/caselaws?id=401448 An approved resolution plan under insolvency law binds stakeholders and extinguishes pre-plan electricity dues, so a distribution company cannot pursue post-approval recovery for those liabilities. However, the plan does not override independent statutory conditions governing fresh or restored electricity supply; a lawful security deposit may still be required for restoration of a high-tension connection. The insolvency framework gives the corporate debtor a fresh start, but it does not permit bypassing applicable electricity-law requirements for supply restoration. Accordingly, the pre-plan dues claim was disallowed, while the insistence on fresh security deposit for restoration was upheld. en-us Tue, 08 Sep 2020 00:00:00 +0530 Tue, 08 Dec 2020 11:03:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401448 An approved resolution plan under insolvency law binds stakeholders and extinguishes pre-plan electricity dues, so a distribution company cannot pursue post-approval recovery for those liabilities. However, the plan does not override independent statutory conditions governing fresh or restored electricity supply; a lawful security deposit may still be required for restoration of a high-tension connection. The insolvency framework gives the corporate debtor a fresh start, but it does not permit bypassing applicable electricity-law requirements for supply restoration. Accordingly, the pre-plan dues claim was disallowed, while the insistence on fresh security deposit for restoration was upheld. Case-Laws Insolvency and Bankruptcy Tue, 08 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401448