Can Essential Supplies Be Cut Off During Moratorium? Unraveling the Conflict Between Section 14(2) and 14(2A) of IBC
The National Company Law Appellate Tribunal (NCLAT) in Maharashtra State Electricity Distribution Company Ltd. & Anr. Versus Ravi Sethia Resolution Professional of Morarjee Textiles Ltd.1 held that the supply of electricity, being an essential service, cannot be discontinued during the Corporate Insolvency Resolution Process (CIRP) under Section 14 of the Insolvency and Bankruptcy Code, 2016 (Code). The Corporate Debtor was […]
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