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Debts of Unsecured Financial Creditors have Priority…

DEBTS OF UNSECURED FINANCIAL CREDITORS HAVE PRIORITY OVER OUTSTANDING ELECTRICITY DUES IN THE IBC LIQUIDATION PROCESS: PASCHIMANCHAL VIDYUT VITRAN NIGAM LTD v RAMAN ISPAT PVT LTD[1] Authored by Aditya Gupte and Alexandra Celestine Facts 1. The electricity board supplied electricity to the corporate debtor, Raman Ispat, which was in liquidation proceedings. As per the agreement […]

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