https://www.taxtmi.com/caselaws?id=770388 HC ruled that electricity dues not included in approved Corporate Insolvency Resolution Plan (CIRP) under Insolvency and Bankruptcy Code, 2016 stand extinguished. Corporate debtor had locus standi to challenge demand notices issued to group companies for its dues. Court emphasized CIRP's finality, citing Supreme Court precedent in RPS Infrastructure Limited v. Mukul Kumar that resolution plans cannot be easily interfered with after approval. HC exercised writ jurisdiction sparingly where alternative remedies exist under Section 60(5) of the Code. Appeal partly allowed. en-us Wed, 07 May 2025 00:00:00 +0530 Sat, 10 May 2025 08:36:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770388 HC ruled that electricity dues not included in approved Corporate Insolvency Resolution Plan (CIRP) under Insolvency and Bankruptcy Code, 2016 stand extinguished. Corporate debtor had locus standi to challenge demand notices issued to group companies for its dues. Court emphasized CIRP's finality, citing Supreme Court precedent in RPS Infrastructure Limited v. Mukul Kumar that resolution plans cannot be easily interfered with after approval. HC exercised writ jurisdiction sparingly where alternative remedies exist under Section 60(5) of the Code. Appeal partly allowed. Case-Laws IBC Wed, 07 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770388