https://www.taxtmi.com/article/detailed?id=8984 The Code's moratorium, declared on admission of a corporate insolvency resolution application, prohibits institution or continuation of suits or proceedings against the corporate debtor and related enforcement actions until the resolution process concludes or a resolution plan or liquidation order takes effect. A tax authority's adjudication of liability by show cause notice was continued despite the moratorium; a court remanded the matter for the authority to reconsider whether the moratorium bars proceedings under the tax statute. Practically, moratoriums can restrain tax proceedings and may require those proceedings to be kept in abeyance while they subsist. en-us Tue, 03 Mar 2020 10:06:34 +0530 Tue, 03 Mar 2020 10:06:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8984 The Code's moratorium, declared on admission of a corporate insolvency resolution application, prohibits institution or continuation of suits or proceedings against the corporate debtor and related enforcement actions until the resolution process concludes or a resolution plan or liquidation order takes effect. A tax authority's adjudication of liability by show cause notice was continued despite the moratorium; a court remanded the matter for the authority to reconsider whether the moratorium bars proceedings under the tax statute. Practically, moratoriums can restrain tax proceedings and may require those proceedings to be kept in abeyance while they subsist. Articles Corporate Laws / IBC / SEBI Tue, 03 Mar 2020 10:06:34 +0530 https://www.taxtmi.com/article/detailed?id=8984