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IBC - Highlights / Catch Notes

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CIRP Proceedings - Outstand Tax Dues claimed before the ...


Tax Assessment Validity Challenged During CIRP; Court Dismisses Petition, Allows Finalization of Proceedings Despite Moratorium.

November 23, 2023

Case Laws     Insolvency and Bankruptcy     HC

CIRP Proceedings - Outstand Tax Dues claimed before the liquidator - Petitioner challenged the Validity of assessment order - On the resolution once the reference has been admitted, there is moratorium for recovery of the tax dues but, there is no bar for finalisation of the assessment and adjudication proceedings - Writ petition dismissed - HC

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