https://www.taxtmi.com/caselaws?id=407800 The Tribunal dismissed the application under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, as the Respondent, a Secured Financial Creditor, had already transferred the GST amount to the Corporate Debtor's account, resolving the compliance issue. The dispute arose from the disagreement over the GST liability on the sale of assets, with the Liquidator seeking direction for payment. The Tribunal found the matter resolved and deemed the application unnecessary, emphasizing compliance with GST laws in the liquidation process. en-us Thu, 11 Mar 2021 00:00:00 +0530 Sat, 22 May 2021 16:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407800 The Tribunal dismissed the application under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, as the Respondent, a Secured Financial Creditor, had already transferred the GST amount to the Corporate Debtor's account, resolving the compliance issue. The dispute arose from the disagreement over the GST liability on the sale of assets, with the Liquidator seeking direction for payment. The Tribunal found the matter resolved and deemed the application unnecessary, emphasizing compliance with GST laws in the liquidation process. Case-Laws Insolvency and Bankruptcy Thu, 11 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407800