Informative

Pre-CIRP Electricity Dues Expires on Approval of Resolution Plan under IBC: NCLAT

Update / Judgement Date

16 Feb 2025

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

Insolvency & Bankruptcy CodeOther Legal Matters

Pre-CIRP electricity dues expire upon approval of the resolution plan under the IBC, according to the NCLAT. This ruling clarifies the treatment of pre-CIRP dues in insolvency proceedings. It provides certainty for stakeholders involved in resolution plans.

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Pre-CIRP Electricity Dues Expires on Approval of Resolution Plan under IBC: NCLAT

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