Supreme Court of India in a recent decision dated July 17, 2023 passed in Paschimanchal Vidyut Vitran Nigam Ltd. (PVVNL) v. Raman Ispat Private Limited Ors. held that in terms of Section 238 of the Insolvency and Bankruptcy Code, 2016 the provisions of IBC shall override the Electricity Act, 2003 despite the latter containing
two specific non-obstante clauses in Sections 173 and 174 of the Act.