Payment of dues: IBC overrides provision of the Electricity Act


Last updated: 26 July 2023

Court :
Supreme Court of India

Brief :
The Hon'ble Supreme Court in the matter of Paschimachal Vidyut Vitran Nigam Limited v. Raman Ispat Private Limited [Civil Appeal No. 7976 of 2019 dated July 17, 2023] held that Section 238 of the Insolvency and Bankruptcy Code, 2016 ("IBC") overrides the provisions of the Electricity Act, 2003. 

Citation :
Civil Appeal No. 7976 of 2019 dated July 17, 2023

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