Tax Demands Not Included In An NCLT-Approved Insolvency Resolution Plan Are Extinguished And Cannot Survive
Tax Demands Not Included In An NCLT-Approved Insolvency Resolution Plan Are Extinguished And Cannot Survive Issue Whether tax arrears and demand claims of the Income Tax Department survive against a corporate debtor after a resolution plan has been approved by the NCLT without including such tax claims. Facts The assessee-petitioners were corporate debtors undergoing insolvency… Read More »