https://www.taxtmi.com/caselaws?id=407852 The Tribunal granted relief to the Applicant by allowing the present management of the Corporate Debtor to approve and file relevant returns and statements for periods before the approval date without penalties. The timeline for implementing the Resolution Plan was extended until March 31, 2022, due to delays caused by the Covid-19 pandemic. The Tribunal waived penalties for non-compliance with statutory requirements before the approval date and permitted physical filing of returns and statements if e-filing was not feasible, emphasizing substantial justice and relieving the new management from the former promoters' actions. en-us Wed, 19 May 2021 00:00:00 +0530 Thu, 29 Jul 2021 18:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407852 The Tribunal granted relief to the Applicant by allowing the present management of the Corporate Debtor to approve and file relevant returns and statements for periods before the approval date without penalties. The timeline for implementing the Resolution Plan was extended until March 31, 2022, due to delays caused by the Covid-19 pandemic. The Tribunal waived penalties for non-compliance with statutory requirements before the approval date and permitted physical filing of returns and statements if e-filing was not feasible, emphasizing substantial justice and relieving the new management from the former promoters' actions. Case-Laws Insolvency and Bankruptcy Wed, 19 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407852