Power Without Priority: Rethinking Discom’s Position As Operational Creditors Under The Insolvency And Bankruptcy Code

Sneha Uniyal, Law College Dehradun, Uttaranchal University ABSTRACT Electricity Distribution Companies, commonly referred to as DISCOMs, play a crucial role in facilitating domestic, industrial, and commercial activities by providing essential services that underpin market operations. However, despite their critical role, DISCOMs are situated near the bottom of the liquidation priority hierarchy, as specified in Section 53 of the Insolvency and Bankruptcy Code (IBC) of 2016. This...