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TMI Blog2023 (12) TMI 1218X X X X Extracts X X X X X X X X Extracts X X X X ..... tcy X X X X Extracts X X X X X X X X Extracts X X X X ..... an is based on the "Information Memorandum" and other details available from Resolution Professional and information taken Public Domain. ACQUISITION PLAN Resolution Applicant has widely explored the corporate debtor through visits at Project sites, Information received from Resolution Professional and from own sources. Based on its study, resolution applicant has proposed the acquisition of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ized during CRIP also. We understand that the corporate debtor is a going concern and therefore GST input and income tax refund are dynamic figures and keep on changing during CIRP. The RA, therefore proposes to acquire all the GST Input including GST cash ledger balance and income tax refund amount under the proposed resolution plan. Company Appeal (AT) (Insolvency) No. 1558 of 2023 3 of 4 FIX ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... submit that SRA has taken liability of Rs.1 crore only of uncrystallised claim. It is submitted that on the effective date, there should be crystallised amount and no liability can be fastened on the Appellant and the SRA could not have only taken liability of only 1 crore. We have considered the submissions of Learned Counsel for the Appellant and perused the record. The Resolution Plan does n ..... X X X X Extracts X X X X X X X X Extracts X X X X
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