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    IBC moratorium does not bar state civil forfeiture attachment where no debtor-creditor relationship exists; appeal dismissed.
    Claim verification in CIRP: delayed tax assessment led to non-admission but plan allocation exceeded the Department's likely pro rata recovery.
    Entitlement to fees until approval of a withdrawal: resolution professionals entitled to fees and expenses until approval and handover.
    Exclusion of COVID period for limitation: balance limitation as on 15 March 2020 is available from 1 March 2022, saving time barred applications.
    Moratorium on Proceedings bars statutory assessments during CIRP; claims assessed then and filed after CoC approval are rejected.
    Vesting of Title on Sale Confirmation: confirmation vests title despite subsequent insolvency moratorium, while certificate issuance is ministerial.
    Right to be heard protects parties with interests from asset sales during moratorium; impleader permitted and procedural directions issued.
    Forensic audit admissibility: reports by suspended management lacking authenticity or independence can be excluded and are not maintainable.
    Debt and Default: established records justified Section 7 admission; viability and lender commercial choices did not bar filing.
    Liquidator Fee Entitlement: time bucket fee computation upheld; excess withdrawals refundable, delay in refiling condoned.
    Pre-existing contractual dispute bars CIRP admission; genuine settlement-linked dispute led to rejection of the Section 9 petition.
    Monitoring of Personal Guarantor Insolvency Reporting: mandatory electronic Forms with fixed timelines and regulatory liability for non-compliance.
    Estoppel by acceptance of payment bars belated challenges to approved resolution plans; statutory employee dues treatment upheld.
    Financial debt from commercial-effect funding: repayment plus profit share treated as borrowing, enabling CIRP admission when default exists.
    Extension of Personal Insolvency Resolution Process: may be extended despite moratorium cap; moratorium itself remains non extendable.
    Updation of claims under Regulation 12A permits withdrawal when a claim is satisfied; Adjudicating Authority must adjudicate the request.
    Invocation of guarantee: Section 95 petition held maintainable after valid demand; substituted service and assignment upheld, costs imposed.
    Fair and equitable distribution: employee payouts meeting recorded undertaking upheld, and operational creditors' liquidation-value floor satisfied.
    Limitation Act acknowledgement extended limitation, enabling timely insolvency petition; admission and appointment upheld.
    Necessary Party Test: impleadment refused as resolution professional can represent corporate debtor and appeal proceeds without applicant.
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Acts Income Tax