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Sumit Attri is a Partner in the Dispute Resolution Practice at the Delhi NCR Office of Cyril Amarchand Mangaldas and an AOR for the firm. Sumit focuses on disputes in relation to insolvency proceedings, arbitration (domestic and international), corporate commercial and contractual litigation, white collar crimes, criminal matters, environmental and mining matters. He regularly appears and argues matters before the Supreme Court, High Court, Tribunals and Regulatory Authorities. He can be reached at sumit.attri@cyrilshroff.com

SUPREMACY OF THE IBC VIS-A-VIS THE ELECTRICITY ACT[1]

INTRODUCTION:

In a recent judgement of Paschimanchal Vidyut Vitran Nigam Ltd. v. Raman Ispat Private Ltd. and Ors. (being Civil Appeal No.7976 of 2019), the Hon’ble Supreme Court has held that Section 238 of the Insolvency and Bankruptcy Code, 2016 (“IBC/Code”) overrides the provisions of the Electricity Act, 2003, despite the latter containing two specific provisions being Section 173 and 174 which have overriding effect over all other laws.Continue Reading Supremacy of the IBC vis-a-vis The Electricity Act [1]