https://www.taxtmi.com/caselaws?id=302468 When a corporate debtor is sold as a going concern in liquidation, the purchaser is entitled to restoration of essential utility services needed for continued operations, and the electricity supplier cannot insist on clearance of pre-liquidation dues as a condition precedent to reconnection. The corporate debtor is treated as surviving for business continuity purposes, the Insolvency and Bankruptcy Code prevails over inconsistent recovery demands, and the supplier's past dues must be dealt with through the liquidation waterfall. The purchaser must bear statutory charges and future electricity dues from the date of reconnection, and the connection is to be energised after completion of the required formalities. en-us Tue, 05 Oct 2021 00:00:00 +0530 Sat, 28 May 2022 09:35:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302468 When a corporate debtor is sold as a going concern in liquidation, the purchaser is entitled to restoration of essential utility services needed for continued operations, and the electricity supplier cannot insist on clearance of pre-liquidation dues as a condition precedent to reconnection. The corporate debtor is treated as surviving for business continuity purposes, the Insolvency and Bankruptcy Code prevails over inconsistent recovery demands, and the supplier's past dues must be dealt with through the liquidation waterfall. The purchaser must bear statutory charges and future electricity dues from the date of reconnection, and the connection is to be energised after completion of the required formalities. Case-Laws Insolvency and Bankruptcy Tue, 05 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302468