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IBC - Highlights / Catch Notes

Home Highlights June 2022 Year 2022 This

CIRP - Claim of successful resolution applicant over pre-deposit ...

Insolvency and Bankruptcy

June 7, 2022

CIRP - Claim of successful resolution applicant over pre-deposit made the corporate debtor for filing of an appeal under VAT Act - right of state to recover the outstanding tax liability - the amounts deposited by the Corporate Debtor under protest and by way of pre-deposit as mandatory statutory obligation while filing the appeals, shall be refunded to the petitioner being the Successful Resolution Applicant with applicable interest as per law within a period of 60 days. - HC

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