2024 (7) TMI 1558 - HC - IBC

Challenge to action of assessment - HELD THAT - Prima facie and bearing in mind the undisputed position that that the Resolution Plan under the Insolvency and Bankruptcy Code, 2016 IBC came to be approved on 19 July 2023, the action of assessment cannot be sustained. Matter requires consideration. Till the next date of listing, the respondents are restrained from taking further steps pursuant to the impugned notice dated 30 March 2024.

Summary

The High Court of Delhi allowed exemption in CM APPL. 39798/2024. In W.P.(C) 9703/2024 & CM APPL. 39797/2024, the court issued a notice for reply within three weeks and restrained respondents from taking further steps. The matter requires consideration and is listed for hearing on 29.08.2024.