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TMI Blog2025 (5) TMI 40X X X X Extracts X X X X X X X X Extracts X X X X ..... petition under Article 226 of the Constitution of India, wherein the writ petitioner has sought the following prayers along with certain ancillary reliefs: "(i) Issue an appropriate writ, order or direction in the nature of CERTIORARI or any other appropriate writ for quashing the Impugned Order dated 27.01.2025 bearing Reference No.: ZD090125310437L passed under Section 74 of the CGST Act, 2017 as well as the Demand Notice dated 27.01.2025 issued in pursuance to the aforesaid Impugned Order by the Superintendent [Respondent No. 4] against the Petitioner relating to Financial Year 2017-2018. (collectively annexed as Annexure No. 1 to the present writ petition). (ii) Issue an appropriate writ, order direction in the nature of MANDAMUS o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... g orders, has relied upon the following judgments, viz. (i) Ghanshyam Mishra and Sons (P) Ltd. Vs. Edelweiss Asset Reconstruction Co. Ltd., reported in [SC] [2021] 126 Taxmann.com 132/166 SCL 237 (SC), (ii) N.S. Papers Ltd. Vs. Union of India and Others [Writ Tax No. 408 of 2021, decided on December 11, 2024], (iii) Vaibhav Goyal & Another Vs. Deputy Commissioner of Income Tax & Another [Civil Appeal No. 49 of 2022, decided on March 20, 2025] (SC) and (iv) Committee of Creditors of Essar Steel India Ltd. Through Authorised Signatory Vs. Satish Kumar Gupta & Others [2019] 16 S.C.R. 275]. 5. This Court, in Writ Tax No. 408 of 2021 [M/S NS Papers Limited And Another Vs. Union of India Through Secretary and Others], after dealing with a catena ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... iod and is quantified subsequent to the approval of the Resolution Plan is an argument in sophistry. If this argument is accepted then all authorities would be in a position to keep assessment/re-assessment pending till completion of the Resolution Plan, and thereafter, culminate the same and saddle the successful Resolution Applicant with an unknown burden. Such an action cannot be countenanced as the same would be an anathema to the fundamental principles of the moratorium provided under the Code. The law cannot be read in a manner wherein the basic structure of the Code is breached by hindering the flow of the same by creation of roadblocks and dams ? the underlying principle of the Code is to give a fresh start to the Resolution Applica ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cluded therein that was not made earlier. If such demands are taken into consideration, the appellants will not be in a position to recommence the business of the CD on a clean slate. On this aspect, we may note what is held in paragraph 107 of the decision of this Court in the case of Committee of Creditors of Essar Steel India Ltd. [Civil Appeal No. 49 of 2022]. Paragraph 107 reads thus: "107. For the same reason, the impugned NCLAT judgment [Standard Chartered Bank v. Satish Kumar Gupta, 2019 SCC OnLine NCLAT 388] in holding that claims that may exist apart from those decided on merits by the resolution professional and by the Adjudicating Authority/Appellate Tribunal can now be decided by an appropriate forum in terms of Section 60(6) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ystal clear that once Resolution Plan has been approved by the NCLT, all other creditors are barred from raising their claims subsequently, as the same would disrupt the entire resolution process. The Supreme Court has categorically held the same as indicated above. 8. We accordingly find no reason to keep this matter pending and accordingly the impugned Assessment Order dated January 27, 2025 bearing Reference No: ZD090125310437L passed under Section 74 of CGST/UPGST Act, 2017 by the Superintendent [Respondent No.4] as well as the impugned Demand Notice issued in pursuance to the impugned Order dated January 27, 2025 passed under Section 74 of the CGST/UPGST Act, 2017 against the Petitioner relating to financial year 2017-2018, are quashe ..... X X X X Extracts X X X X X X X X Extracts X X X X
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