No immunity from IBC for state discoms, says Centre

State-owned discoms (electricity distribution companies) have no immunity from corporate insolvency proceedings and there is no conflict between the Insolvency and Bankruptcy Code (IBC) of 2016 and the Electricity Act 2003 on resolution of monetary claims, according to the power ministry.

from Times of India https://ift.tt/3BYURyl
https://ift.tt/eA8V8J November 11, 2021 at 03:15AM

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