Clean Slate Theory under IBC does not extinguish statutory tax dues arising during the CIRP period.
Clean Slate Theory under IBC does not extinguish statutory tax dues arising during the CIRP period. Issue Whether the Clean Slate Theory under Section 31 of the Insolvency and Bankruptcy Code, 2016 (IBC) applies to extinguish statutory dues under the Goods and Services Tax (GST) Acts and Income-tax Act that arise during the Corporate Insolvency… Read More »