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Instant and Approved Correct News for Educational, Business and Political purposes No immunity from IBC for state discoms, says Centre

No immunity from IBC for state discoms, says Centre

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.

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