https://www.taxtmi.com/caselaws?id=386569 The Appellate Tribunal set aside the part of the order directing waiver of Income Tax, affirming that debts to the Central or State Government are 'Operational Debt' under the Insolvency and Bankruptcy Code, 2016. The Resolution Applicant must decide the payment against such debts. The remaining part of the order approving the 'Resolution Plan' was upheld. The appeal was allowed with the mentioned observations and no costs were awarded. en-us Thu, 30 May 2019 00:00:00 +0530 Thu, 03 Oct 2019 06:08:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386569 The Appellate Tribunal set aside the part of the order directing waiver of Income Tax, affirming that debts to the Central or State Government are 'Operational Debt' under the Insolvency and Bankruptcy Code, 2016. The Resolution Applicant must decide the payment against such debts. The remaining part of the order approving the 'Resolution Plan' was upheld. The appeal was allowed with the mentioned observations and no costs were awarded. Case-Laws Insolvency and Bankruptcy Thu, 30 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386569