https://www.taxtmi.com/caselaws?id=761491 Pre-CIRP subscriber security deposits, unspent prepaid balances and TRAI-imposed financial disincentives are treated as operational liabilities where they are reflected in the corporate debtor's books, not shown to be held in a separate trust account, and are otherwise part of the insolvency claims process. The insolvency regime prevails over a conflicting telecom law framework by virtue of its overriding provision, and such sums cannot be directed to be paid as CIRP cost unless they were incurred by the resolution professional in running the corporate debtor as a going concern. The claims had to be pursued through the insolvency process, and no basis existed for direct payment outside it. en-us Wed, 06 Nov 2024 00:00:00 +0530 Mon, 11 Nov 2024 14:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761491 Pre-CIRP subscriber security deposits, unspent prepaid balances and TRAI-imposed financial disincentives are treated as operational liabilities where they are reflected in the corporate debtor's books, not shown to be held in a separate trust account, and are otherwise part of the insolvency claims process. The insolvency regime prevails over a conflicting telecom law framework by virtue of its overriding provision, and such sums cannot be directed to be paid as CIRP cost unless they were incurred by the resolution professional in running the corporate debtor as a going concern. The claims had to be pursued through the insolvency process, and no basis existed for direct payment outside it. Case-Laws IBC Wed, 06 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761491