No immunity from IBC for state discoms, says Centre

https://ift.tt/3BYURyl 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.

https://ift.tt/eA8V8J from Times of India https://ift.tt/3BYURyl