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IBC - Highlights / Catch Notes

Home Highlights January 2023 Year 2023 This

CIRP - Recovery of outstanding Electricity dues - Since no such ...

Insolvency and Bankruptcy

January 18, 2023

CIRP - Recovery of outstanding Electricity dues - Since no such nexus has been proved by the licensee in the present case, mere subsistence of the licensee’s right to claim outstanding dues from the erring consumer cannot justify shifting of such burden on the auction-purchaser and, for all practical purposes, there is no statutory provision to claim the amount from the writ petitioner. - The impugned claim of the DVC is not tenable in the eye of law - HC

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