https://www.taxtmi.com/caselaws?id=421948 Pre-CIRP electricity dues were held extinguished on approval of the resolution plan under the Insolvency and Bankruptcy Code, so the supplier could not insist on payment of those dues as a condition for restoration of supply. The Court also held that a pending appeal against approval of the resolution plan, without an express stay, did not bar implementation of the plan or restoration of electricity supply; the recorded undertaking was confined to contempt proceedings and did not waive the right to seek relief. Restoration was directed subject to reconnection charges and the result of the pending appeal. en-us Wed, 04 May 2022 00:00:00 +0530 Wed, 04 May 2022 21:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421948 Pre-CIRP electricity dues were held extinguished on approval of the resolution plan under the Insolvency and Bankruptcy Code, so the supplier could not insist on payment of those dues as a condition for restoration of supply. The Court also held that a pending appeal against approval of the resolution plan, without an express stay, did not bar implementation of the plan or restoration of electricity supply; the recorded undertaking was confined to contempt proceedings and did not waive the right to seek relief. Restoration was directed subject to reconnection charges and the result of the pending appeal. Case-Laws Insolvency and Bankruptcy Wed, 04 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421948