https://www.taxtmi.com/caselaws?id=385296 The High Court of Madras dismissed four writ petitions challenging revised assessment orders under the Tamil Nadu Value Added Tax Act for different Assessment Years, citing the company's insolvency proceedings. The court upheld that the Insolvency Resolution Professional (IRP) appointed by the National Company Law Tribunal (NCLT) had the exclusive authority to take legal actions on behalf of the company during insolvency, leading to the petitions being deemed not maintainable. The judgment emphasized the importance of adhering to the Insolvency and Bankruptcy Code framework and the suspension of the company's powers during insolvency proceedings. en-us Wed, 21 Aug 2019 00:00:00 +0530 Tue, 03 Sep 2019 08:05:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385296 The High Court of Madras dismissed four writ petitions challenging revised assessment orders under the Tamil Nadu Value Added Tax Act for different Assessment Years, citing the company's insolvency proceedings. The court upheld that the Insolvency Resolution Professional (IRP) appointed by the National Company Law Tribunal (NCLT) had the exclusive authority to take legal actions on behalf of the company during insolvency, leading to the petitions being deemed not maintainable. The judgment emphasized the importance of adhering to the Insolvency and Bankruptcy Code framework and the suspension of the company's powers during insolvency proceedings. Case-Laws VAT and Sales Tax Wed, 21 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385296