Approval of Resolution Plan - Whether the treatment of Income ...

February 27, 2024

Case Laws Insolvency and Bankruptcy AT

Approval of Resolution Plan - Whether the treatment of Income Tax dues in the Resolution Plan where they have been treated as Operational Creditor and offered only Rs. 10 Lacs violates the provision of sub-section (2) of Section 30? - The NCLAT held that, there is no violation of provisions of subsection (2) of Section 30 of the Code with regard to dues of the Income Tax Department.

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Approval of Resolution Plan - Whether the treatment of Income ...

February 27, 2024

Case Laws Insolvency and Bankruptcy AT

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