9911796707
TMI Blog2024 (8) TMI 1169X X X X Extracts X X X X X X X X Extracts X X X X ..... /Mum/2013 (Arising out of ITA No. 7607/Mum/2012), ITA No. 7280/Mum/2017, CO No. 120/Mum/2019 (Arising out of ITA No. 2791/Mum/2018, CO No. 119/Mum/2019 (Arising out of ITA No. 2790/Mum/2018, CO No. 20/Mum/2019 (Arising out of ITA No. 28/Mum/2018, ITA No. 1035/Mum/2019, ITA No. 3367/Mum/2018, ITA No. 3368/Mum/2018 And ITA No. 3368/Mum/2018 - - - Income Tax - Income tax proceedings against company ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he liquidator after completion of process may approach to get the appeal disposed after filing revised Form 36. All the appeals are dismissed in limine. - Shri Amit Shukla, Judicial Member And Ms. Padmavathy S, Accountant Member For the Assessee : Shri Mangesh Bhosle For the Revenue : Shri Alok Kumar-CIT DR ORDER PER BENCH: These are the cross appeals filed by the erstwhile company and the depar ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ection 34(1) of the Code. b. That the Liquidator for conduct of the liquidation proceedings would be entitled to the fees as provided in Regulation 4(2)(b) of the IBBI (Liquidation Process Regulations), 2016. c. The Liquidator appointed in this case to initiate liquidation process as envisaged under Chapter-III of the Code by following the liquidation process given in the Insolvency Bankruptcy Boa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of the Corporate Debtor are directed to extend all co-operation to the Liquidator as required by him in managing the liquidation process of the Corporate Debtor. h. That on having liquidation process initiated, subject to Section 52 of the Code, no suit or other legal proceeding shall be instituted by or against the Corporate Debtor save and except the liberty to the liquidator to institute suit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s. Therefore, under these circumstances, it is premature to decide these appeals on merits. Accordingly, all these appeals are consigned to records and the parties shall be at liberty to restitute the appeal, once the committee of creditors or NCLT directs the Liquidator or corporate creditors (including Income Tax department) to pursue the appeal; or the liquidator after completion of process may ..... X X X X Extracts X X X X X X X X Extracts X X X X
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