Supreme Court: Electricity Dues in Insolvency Must Align with IBC, Covered u/s 60(5)(c) for Resolution Process.

Recovery of Electricity dues - waterfall mechanism - The resolution plan is approved when it is in accord with the provision of the Code. Thus, the issue of corporate debtor’s dues falls within the fold of the phrase ‘arising out of or in relation to insolvency resolution’ under section 60(5)(c) of the Code. - SC .....

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