https://www.taxtmi.com/caselaws?id=441926 Approved resolution plans under the Insolvency and Bankruptcy Code cannot be impeached by invoking inconsistent electricity supply regulations or pre-resolution electricity dues. The Code's overriding effect under section 238 means such statutory demands and supply-code conditions do not survive to defeat a resolution plan approved in insolvency resolution, and the resolution professional's compliance obligations under section 30(2)(e) are confined to the Code's framework. On that basis, pre-resolution dues could not be recovered from the successful resolution applicant outside the insolvency process, and the challenge to the plan's approval failed. en-us Mon, 14 Aug 2023 00:00:00 +0530 Sat, 19 Aug 2023 10:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441926 Approved resolution plans under the Insolvency and Bankruptcy Code cannot be impeached by invoking inconsistent electricity supply regulations or pre-resolution electricity dues. The Code's overriding effect under section 238 means such statutory demands and supply-code conditions do not survive to defeat a resolution plan approved in insolvency resolution, and the resolution professional's compliance obligations under section 30(2)(e) are confined to the Code's framework. On that basis, pre-resolution dues could not be recovered from the successful resolution applicant outside the insolvency process, and the challenge to the plan's approval failed. Case-Laws Insolvency and Bankruptcy Mon, 14 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441926