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IBC - Highlights / Catch Notes

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The Adjudicating Authority cannot prevent the distributing ...


Authority Can't Stop Electricity Charge Collection During CIRP; Contradicts Insolvency and Bankruptcy Code 2016 Provisions.

October 22, 2020

Case Laws     Insolvency and Bankruptcy     Tri

The Adjudicating Authority cannot prevent the distributing company from collecting electricity charges from the Corporate Debtor during CIRP. The relief sought is against the provisions of Insolvency & Bankruptcy Code, 2016. - Tri

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