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TMI Blog2022 (8) TMI 1269X X X X Extracts X X X X X X X X Extracts X X X X ..... ER RAMA KANTA PANDA , AM : Aggrieved by the order dated 03/10/2019 passed by the learned Commissioner of Income Tax (Appeals)-4, Hyderabad ("Ld. CIT(A)"), in the case of M/s. Neueon Towers Limited, ("the assessee") for the assessment years 2011-12, assessee preferred this appeal. 2. During the course of hearing, it was brought to our notice that assessee preferred this appeal with a delay of 19 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lweiss Asset Reconstruction (2021) 126 taxmann.com 132 (SC). Under section 13 of the Code, the adjudicating authority after admission of the application under section 7 or 9 or 10 of the Code shall declare a moratorium which shall include the prohibition of the institution of suits or continuation of pending suits or proceedings against the corporate debtor in any court of law or tribunal. In Ghan ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ory in nature and therefore will be effective from the date on which I&B Code has come into effect; and (iii) Consequently all the dues including the statutory dues owed to the Central Government, any State Government or any local authority, if not part of the resolution plan, shall stand extinguished and no proceedings in respect of such dues for the period prior to the date on which the Adjudica ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s. At any rate, for the time being, this appeal cannot be proceeded with during the continuance of the proceedings under the Code. However, depending upon the result of such proceedings before the adjudicating authority in respect of the corporate debtor, appropriate steps if any, may be taken by the appellant/respondent. We, therefore, granting leave to the appellant/respondent in this appeal to ..... X X X X Extracts X X X X X X X X Extracts X X X X
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