Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

2025 (3) TMI 1024

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... olution Plan is approved by the NCLT - HELD THAT:- The Affidavits in Reply, if any, shall be filed by the said Respondents on or before 7th April, 2025 and a copy of the same shall be served on the Advocates for the Petitioner. If the Petitioner wants to file an Affidavit-in-Rejoinder, they may do so on or before 15th April, 2025 and serve a copy of the same on the Advocate for the concerned Respo .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... e" for new management. ii) An ad-interim relief granted, staying the impugned orders and notices until further orders, indicating a strong preliminary case in favor of the Petitioner. The matter is placed on 21st April, 2025 under the caption "for ad-interim reliefs".
B.P. COLABAWALLA & FIRDOSH P. POONIWALLA, JJ. For the Petitioner: Adv. Sunny Shah i/b. Adv. Ashish Suryavanshi, . For the Re .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... r as the Petitioner are concerned. This is also for the period July 2017 to March 2019. 4. A short point raised in the Writ Petition is that the Petitioner has undergone a successful Corporate Insolvency Resolution Process (CIRP) and the Resolution Plan is approved by the NCLT on 6th February, 2024. Once this is the case, the State Authorities cannot look to the Petitioner for recovery of any tax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... d by the said Respondents on or before 7th April, 2025 and a copy of the same shall be served on the Advocates for the Petitioner. If the Petitioner wants to file an Affidavit-in-Rejoinder, they may do so on or before 15th April, 2025 and serve a copy of the same on the Advocate for the concerned Respondents. 8. As far as interim relief is concerned, we find that a strong prima facie case is made .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... hibit A); Respondent No. 4's impugned Show Cause Notices dated 06.09.2024 (Exhibits B-1 to B-6); and Respondent No. 5's impugned order dated 17.01.2025 (Exhibit C) as against the Petitioner." 10. We now place the above matter on 21st April, 2025 under the caption "for ad-interim reliefs". We make it clear to the parties that we may dispose of the Writ Petition at that stage itself, time permitti .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates