Provisions of IBC to override other laws – Section 238 of the IBC overrides the provisions of the Electricity Act, 2003 despite the latter containing two specific provisions which open with non-obstante clauses (i.e., Section 173 and 174).
SUPREME COURT OF INDIA DIVISION BENCH PASCHIMANCHAL VIDYUT VITRAN NIGAM LTD. — Appellant Vs. RAMAN ISPAT PRIVATE LIMITED & OTHERS — Respondent ( Before : S. Ravindra Bhat and Dipankar…