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    Orders under Section 11 of the Electricity Act - Implications on insolvency
    2022-07-15

    The Power Ministry has issued directions under Section 11 of the Electricity Act, 2003 (“Direction”), mandating all imported coal-based generating power- plants (“Gencos”) to operate and generate at their full capacity. The Direction also mandates that where the relevant Genco is undergoing corporate insolvency resolution process (“CIRP”), under IBC, the resolution professional shall take steps to make such plants functional.

    Filed under:
    India, Banking, Insolvency & Restructuring, Litigation, JSA, Electricity Act 2003 (India)
    Authors:
    Soumitra Majumdar
    Location:
    India
    Firm:
    JSA
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