https://www.taxtmi.com/caselaws?id=430280 Electricity arrears not lodged within the CIRP timeline and omitted from an approved resolution plan could not be enforced later as a condition for a new connection, because the insolvency framework requires finality and gives the successful resolution applicant a clean slate. Regulation 12.5, on its plain language, made unpaid dues recoverable from a successor, legal representative, new owner, or occupier, but did not create a statutory charge or security interest over the premises itself. The practical effect was that the distribution licensee could not refuse supply on the basis of past arrears not preserved in the resolution plan. en-us Fri, 30 Sep 2022 00:00:00 +0530 Tue, 15 Nov 2022 10:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430280 Electricity arrears not lodged within the CIRP timeline and omitted from an approved resolution plan could not be enforced later as a condition for a new connection, because the insolvency framework requires finality and gives the successful resolution applicant a clean slate. Regulation 12.5, on its plain language, made unpaid dues recoverable from a successor, legal representative, new owner, or occupier, but did not create a statutory charge or security interest over the premises itself. The practical effect was that the distribution licensee could not refuse supply on the basis of past arrears not preserved in the resolution plan. Case-Laws Insolvency and Bankruptcy Fri, 30 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430280