https://www.taxtmi.com/article/detailed?id=11670 The Code's overriding provision establishes that inconsistent provisions in other statutes yield to the IBC framework, requiring claims for operational dues to be processed through insolvency proceedings rather than by independent enforcement measures against assets. The supplier's unpaid electricity charges were characterised as claims of a secured operational creditor and must be pursued in liquidation for pro rata distribution; independent attachments inconsistent with the liquidation regime are set aside. en-us Sat, 29 Jul 2023 10:12:18 +0530 Sat, 29 Jul 2023 10:12:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11670 The Code's overriding provision establishes that inconsistent provisions in other statutes yield to the IBC framework, requiring claims for operational dues to be processed through insolvency proceedings rather than by independent enforcement measures against assets. The supplier's unpaid electricity charges were characterised as claims of a secured operational creditor and must be pursued in liquidation for pro rata distribution; independent attachments inconsistent with the liquidation regime are set aside. Articles Corporate Laws / IBC / SEBI Sat, 29 Jul 2023 10:12:18 +0530 https://www.taxtmi.com/article/detailed?id=11670