Market value for captive electricity consumption follows industrial consumer tariffs, supporting profit computation for the power generation deduction...
Provisional release of seized imports requires enhanced duty payment, bank guarantee and disclosures while customs adjudication proceeds independently...
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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