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

Income Tax Dues Treatment as Operational Creditor in Resolution Plan Upheld by Tribunal Decision.

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 ...

Income Tax Dues Treatment as Operational Creditor in Resolution Plan Upheld by Tribunal Decision.

February 27, 2024

Case Laws Insolvency and Bankruptcy AT

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