GST claims in liquidation must be limited to amounts outstanding on the liquidation commencement date before liquidator review.

GST liabilities in liquidation were confined to the amount outstanding as on the liquidation commencement date, because the public announcement required stakeholders to file proof of claims on that basis. The Tribunal directed that the applicant resubmit its claim only up to that date, and the liquidator examine it in accordance with the Insolvency and Bankruptcy Code, 2016 and the applicable regulations.

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Issues: Whether the applicant's GST claims could be considered in liquidation only to the extent they were calculated as on the liquidation commencement date, and whether the liquidator should examine such claim accordingly.

Analysis: The claim was found to relate to GST liabilities extending beyond the liquidation commencement date. The public announcement in liquidation required stakeholders to submit proof of claims calculated as on the liquidation commencement date. The Tribunal therefore confined the claim to the amount outstanding as on that date and directed the applicant to place the claim before the liquidator on that basis for examination under the insolvency framework and the applicable regulations.

Conclusion: The applicant was permitted to resubmit the claim only as calculated up to the liquidation commencement date, and the liquidator was directed to consider it in accordance with the Insolvency and Bankruptcy Code, 2016 and the attendant regulations.

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