https://www.taxtmi.com/caselaws?id=759080 Electricity supply treated as a critical input during CIRP remains protected only if current dues are paid; the amended Section 14 scheme of the Insolvency and Bankruptcy Code, 2016 makes non-payment a valid ground for disconnection or other lawful coercive steps despite the moratorium. The Explanation to Section 14(1) preserves licences and similar benefits subject to payment of current dues, while Section 14(2-A) extends protection to essential supplies needed to keep the corporate debtor as a going concern but expressly excludes unpaid moratorium-period dues. The earlier view treating disconnection as barred by moratorium was said to be inconsistent with this statutory scheme. en-us Mon, 23 Sep 2024 00:00:00 +0530 Tue, 24 Sep 2024 09:05:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759080 Electricity supply treated as a critical input during CIRP remains protected only if current dues are paid; the amended Section 14 scheme of the Insolvency and Bankruptcy Code, 2016 makes non-payment a valid ground for disconnection or other lawful coercive steps despite the moratorium. The Explanation to Section 14(1) preserves licences and similar benefits subject to payment of current dues, while Section 14(2-A) extends protection to essential supplies needed to keep the corporate debtor as a going concern but expressly excludes unpaid moratorium-period dues. The earlier view treating disconnection as barred by moratorium was said to be inconsistent with this statutory scheme. Case-Laws IBC Mon, 23 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759080