Electricity supply during CIRP essential hence RP can take coercive step to collect amount for its payment: NCLAT Delhi

Sanskriti Allottee Welfare Association Vs Gaurav Katiyar (NCLAT Delhi) NCLAT Delhi held that electricity supply by NPCL, being in nature of supply of essential goods, was necessary to be continued during the period of moratorium (CIRP period). Accordingly, order granting liberty to the RP (Resolution Professional) to take coercive steps with regard to payment of the same justified. Facts- The Corporate Debtor- Earthcon Infracon Pvt. Ltd. was developing a residential project named ‘Sanskriti’ with another housing project named ‘CASA’. The Appellants represent Home Buyers of ‘Sanskriti...