https://www.taxtmi.com/caselaws?id=389630 The Tribunal dismissed the appeal filed by the Sales Tax Department against the approval of the Resolution Plan, which reduced their claim amount. The Tribunal found that the allocation to other creditors, such as ESIC and Provident Fund categories, did not constitute discrimination against the Sales Tax Department as an Operational Creditor. The judgment underscored the significance of distinguishing between various types of claims and the criteria for allocation in insolvency proceedings, emphasizing equitable treatment of creditors. No costs were awarded in this case. en-us Wed, 24 Jul 2019 00:00:00 +0530 Thu, 12 Dec 2019 20:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389630 The Tribunal dismissed the appeal filed by the Sales Tax Department against the approval of the Resolution Plan, which reduced their claim amount. The Tribunal found that the allocation to other creditors, such as ESIC and Provident Fund categories, did not constitute discrimination against the Sales Tax Department as an Operational Creditor. The judgment underscored the significance of distinguishing between various types of claims and the criteria for allocation in insolvency proceedings, emphasizing equitable treatment of creditors. No costs were awarded in this case. Case-Laws Insolvency and Bankruptcy Wed, 24 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389630