https://www.taxtmi.com/caselaws?id=407836 An additional tax claim raised long after the liquidation commencement date could not be admitted in liquidation because claims are assessed with reference to liabilities existing on that date, and a post-commencement demand is not an existing liquidation liability. Acceptance of the belated claim would also have required revision of the already prepared stakeholders list and would have delayed the liquidation process, contrary to the insolvency framework. The earlier admitted claim was not in dispute; only the later additional demand was rejected. No revision of the stakeholders list was warranted, and the application was rejected. en-us Mon, 05 Apr 2021 00:00:00 +0530 Mon, 24 May 2021 08:36:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407836 An additional tax claim raised long after the liquidation commencement date could not be admitted in liquidation because claims are assessed with reference to liabilities existing on that date, and a post-commencement demand is not an existing liquidation liability. Acceptance of the belated claim would also have required revision of the already prepared stakeholders list and would have delayed the liquidation process, contrary to the insolvency framework. The earlier admitted claim was not in dispute; only the later additional demand was rejected. No revision of the stakeholders list was warranted, and the application was rejected. Case-Laws Insolvency and Bankruptcy Mon, 05 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407836