https://www.taxtmi.com/caselaws?id=413065 The Tribunal clarified that the Damodar Valley Corporation was not obligated to waive the security deposit for increased contract demand and supply through a higher voltage powerline as the Resolution Plan did not specifically approve this waiver. It emphasized that statutory dues for services must be paid by the Successful Resolution Applicant, with electricity dues during the Corporate Insolvency Resolution Process (CIRP) to be covered by CIRP costs. The Tribunal set aside the previous order, directing payment of security deposit and dues in accordance with relevant laws, and assigning responsibility for payment to the Resolution Professional and Corporate Debtor as per the respective periods. en-us Fri, 01 Oct 2021 00:00:00 +0530 Mon, 04 Oct 2021 09:00:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413065 The Tribunal clarified that the Damodar Valley Corporation was not obligated to waive the security deposit for increased contract demand and supply through a higher voltage powerline as the Resolution Plan did not specifically approve this waiver. It emphasized that statutory dues for services must be paid by the Successful Resolution Applicant, with electricity dues during the Corporate Insolvency Resolution Process (CIRP) to be covered by CIRP costs. The Tribunal set aside the previous order, directing payment of security deposit and dues in accordance with relevant laws, and assigning responsibility for payment to the Resolution Professional and Corporate Debtor as per the respective periods. Case-Laws Insolvency and Bankruptcy Fri, 01 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413065