https://www.taxtmi.com/caselaws?id=292885 The High Court affirmed the applicability of the Insolvency and Bankruptcy Code, 2016, particularly Section 14, which imposes a moratorium on legal actions against a corporate debtor. The Court emphasized the Code's supremacy over conflicting laws and upheld the NCLT's moratorium on legal proceedings, including tax appeals, until the resolution process concludes or further orders are issued. The Court clarified that no specific permission from the NCLT is required to continue pending actions against the debtor in other forums, granting the appellant-Department the flexibility to reinstate appeals based on future NCLT directives. en-us Mon, 04 Sep 2017 00:00:00 +0530 Mon, 11 Jan 2021 19:14:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292885 The High Court affirmed the applicability of the Insolvency and Bankruptcy Code, 2016, particularly Section 14, which imposes a moratorium on legal actions against a corporate debtor. The Court emphasized the Code's supremacy over conflicting laws and upheld the NCLT's moratorium on legal proceedings, including tax appeals, until the resolution process concludes or further orders are issued. The Court clarified that no specific permission from the NCLT is required to continue pending actions against the debtor in other forums, granting the appellant-Department the flexibility to reinstate appeals based on future NCLT directives. Case-Laws Insolvency and Bankruptcy Mon, 04 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292885