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IBC - Highlights / Catch Notes

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Validity of Garnishee Order - CIRP proceedings are ongoing - ...


State Government Not Bound by CIRP Resolution Plan; Garnishee Order's Validity in Question Over Unpaid Taxes.

May 2, 2020

Case Laws     Insolvency and Bankruptcy     HC

Validity of Garnishee Order - CIRP proceedings are ongoing - failure to deposit taxes - resolution plan approved - the State Government was never involved in the corporate insolvency resolution process, and as such, the resolution plan cannot be said to be binding on it.

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