NCLAT: Continuation Of Electricity Supply Subject To No Default On Current Dues Under Section 14(1) Of IBC

The National Company Law Appellate Tribunal (NCLAT) ordered a Resolution Professional (RP) to pay the outstanding electricity dues of a corporate debtor. The RP had taken control of the debtor's assets during insolvency proceedings but had failed to settle the company’s utility bills. The tribunal ruled that the RP is responsible for maintaining the company’s essential services during the insolvency process. This decision clarifies the obligations of RPs in managing the financial liabilities of companies under their control.