Income-tax exemption for specified regulatory fees and government grants applies subject to non-commercial activity and continuing compliance conditio...
Digital accessibility audit and remediation deadlines extended, while all other disability-compliance obligations for regulated entities remain unchan...
HC held that statutory dues not included in the Resolution Plan under IBC Section 31 are extinguished, precluding further proceedings for pre-approval period. Income tax demands for specified assessment years were not part of the approved plan, thus automatically discharged. The ruling emphasizes that once a Resolution Plan receives NCLT approval, no subsequent claims can be introduced, ensuring the corporate debtor can restart business with a clean financial slate.
HC held that statutory dues not included in the Resolution Plan under IBC Section 31 are extinguished, precluding further proceedings for pre-approval period. Income tax demands for specified assessment years were not part of the approved plan, thus automatically discharged. The ruling emphasizes that once a Resolution Plan receives NCLT approval, no subsequent claims can be introduced, ensuring the corporate debtor can restart business with a clean financial slate.
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