https://www.taxtmi.com/caselaws?id=302147 After a liquidation order under the Insolvency and Bankruptcy Code, 2016, creditor recovery must proceed through the liquidation framework, with claims lodged before the liquidator and assets led by the liquidator for statutory distribution. The electricity authority could not continue independent attachment or auction of the corporate debtor's properties outside that process. The Code's express overriding provision, as a later enactment, prevails over inconsistent recovery measures under the Electricity Act, 2003 to the extent of conflict. The electricity authority's dues remain provable in liquidation, but separate enforcement against the corporate debtor's assets is barred once liquidation commences. en-us Wed, 15 May 2019 00:00:00 +0530 Fri, 06 May 2022 20:20:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302147 After a liquidation order under the Insolvency and Bankruptcy Code, 2016, creditor recovery must proceed through the liquidation framework, with claims lodged before the liquidator and assets led by the liquidator for statutory distribution. The electricity authority could not continue independent attachment or auction of the corporate debtor's properties outside that process. The Code's express overriding provision, as a later enactment, prevails over inconsistent recovery measures under the Electricity Act, 2003 to the extent of conflict. The electricity authority's dues remain provable in liquidation, but separate enforcement against the corporate debtor's assets is barred once liquidation commences. Case-Laws Insolvency and Bankruptcy Wed, 15 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302147