2.12.31:Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017

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31. Essential supplies.

The essential goods and services referred to in section 14(2) shall mean-

(a) electricity;

(b) water;

(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.