2.12.31:Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017
31. Essential supplies.
The essential goods and services referred to in section 14(2) shall mean-
(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.
Illustration-Water supplied to a corporate debtor will be essential supplies for drinking and sanitation purposes, and not for generation of hydro-electricity.