Electricity is Essential Supply, cannot Disconnected during CIRP Period under IBC: NCLAT

The NCLAT ruled that electricity is an essential supply and cannot be disconnected during the CIRP period under 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 clear guidelines on CIRP. It emphasizes the importance of fair assessments. The NCLAT's order protects the rights of businesses.