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IBC - Highlights / Catch Notes

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Recovery of arrears of electricity dues - waterfall mechanism - ...

Insolvency and Bankruptcy

September 15, 2023

Recovery of arrears of electricity dues - waterfall mechanism - The dues of the corporate debtor have to be paid in the manner prescribed in the resolution plan, as approved by the adjudicating authority. The resolution plan is approved when it is in accord with the provision of the Code. - SC

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