Key NCLT Rulings of 2025 [Part 2]

“IBC code” most commonly refers to India’s Insolvency and Bankruptcy Code, 2016, an act that consolidates and amends laws for the time-bound resolution of insolvency for corporate bodies, firms, and individuals. The National Company Law Tribunal (NCLT) is a quasi-judicial body in India that adjudicates issues relating to Indian Companies. The National Company Law Tribunal…

NCLT Rules Electricity as “Essential Supply” u/s 14(2) IBC, Bars Disconnection for Non-Payment of Pre-CIRP Dues by Hotel [Read Order]

The National Company Law Tribunal has ruled that electricity is an essential supply under section 14(2) of the Insolvency and Bankruptcy Code,2016, and it has also barred the disconnection of electricity for the non-payment of pre-Corporate Insolvency Resolution Process (CIRP) dues. The Financial Creditor, Punjab National Bank, had initiated CIRP against Garib Nawaz Hotels, the…