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    <title>2022 (12) TMI 617 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL , PRINCIPAL BENCH , NEW DELHI</title>
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    <description>Security deposit was treated as a valid pre-condition for restoration of a high-tension electricity connection, and supply could not be restored without compliance where the requirement secured payment of dues. An approved resolution plan under the Insolvency and Bankruptcy Code extinguished past claims, and inconsistent electricity supply regulations could not be enforced to demand pre-approval arrears. The distribution licensee&#039;s claim for past dues after approval was therefore not maintainable, while the security deposit requirement remained enforceable unless lawfully waived.</description>
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      <link>https://www.taxtmi.com/caselaws?id=431500</link>
      <description>Security deposit was treated as a valid pre-condition for restoration of a high-tension electricity connection, and supply could not be restored without compliance where the requirement secured payment of dues. An approved resolution plan under the Insolvency and Bankruptcy Code extinguished past claims, and inconsistent electricity supply regulations could not be enforced to demand pre-approval arrears. The distribution licensee&#039;s claim for past dues after approval was therefore not maintainable, while the security deposit requirement remained enforceable unless lawfully waived.</description>
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