The Insolvency and Bankruptcy Code, 2016
IBBI (Pre-Packaged Insolvency Resolution Process) Regulations, 2021
Chapter II – General
Regulation 4: Essential supplies.
4. The essential goods and services referred to in sub-section (2) of section 14 shall mean-
(a) electricity;
(b) water;
(c) telecommunication services; and
(d) information technology services,
to the extent these are not a direct input to the output produced or supplied by the corporate debtor.
Explanation.- Water supplied to a corporate debtor will be essential supplies for drinking and sanitation purposes, and not for generation of hydro-electricity.
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