Electricity Connection Can't Be Denied To Purchaser Of Corporate Debtor's Properties Due To Past Dues When Claims Are Filed Before Liquidator: NCLT Mumbai

The NCLT Mumbai has ruled that an "electricity connection can't be denied to a purchaser of a corporate debtor's properties due to past dues" if claims were filed with the liquidator. The tribunal's decision provides a significant victory for the purchaser. The ruling clarifies that a company cannot be penalized for a lapse on the part of a public sector company. The court's decision is a crucial reminder to all public sector companies to be diligent in their dealings.