https://www.taxtmi.com/caselaws?id=419566 Essential electricity supply for a corporate debtor in CIRP may be restored or continued during moratorium where the supply is needed to preserve the debtor as a going concern, and pre-CIRP disconnection does not by itself bar protection under the Insolvency and Bankruptcy Code. Past dues arising before insolvency are to be treated as creditor claims within the resolution process, so they cannot be demanded upfront as a condition for reconnection. A fresh security deposit for pre-insolvency liabilities was likewise not justified where the supply was required for the resolution effort. The direction restoring power supply was maintained. en-us Mon, 14 Mar 2022 00:00:00 +0530 Tue, 15 Mar 2022 08:26:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419566 Essential electricity supply for a corporate debtor in CIRP may be restored or continued during moratorium where the supply is needed to preserve the debtor as a going concern, and pre-CIRP disconnection does not by itself bar protection under the Insolvency and Bankruptcy Code. Past dues arising before insolvency are to be treated as creditor claims within the resolution process, so they cannot be demanded upfront as a condition for reconnection. A fresh security deposit for pre-insolvency liabilities was likewise not justified where the supply was required for the resolution effort. The direction restoring power supply was maintained. Case-Laws Insolvency and Bankruptcy Mon, 14 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419566