Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Electricity Being Essential Supply Cannot Be Disconnected During CIRP Period As Per Section 14(2) Of IBC: NCLAT
Insolvency & Bankruptcy CodeOther Legal Matters
The NCLAT ruled that electricity, being an essential supply, cannot be disconnected during the CIRP period as per Section 14(2) of the IBC. This decision highlights the importance of maintaining essential services during insolvency proceedings. It ensures that businesses can continue operations. This ruling underscores the need for continuity in CIRP. It emphasizes the importance of protecting operational assets. The NCLAT's order reinforces the intent of the IBC.
