https://www.taxtmi.com/caselaws?id=419359 An approved resolution plan under the Insolvency and Bankruptcy Code, 2016 binds the corporate debtor and all stakeholders, including governmental authorities. Claims for VAT and CST dues relating to the pre-approval period, which were not lodged in the insolvency process and were not included in the approved plan, stood frozen and extinguished. In light of Section 31 and the overriding effect of Section 238, recovery or demand proceedings for such excluded pre-plan dues could not be continued or enforced. The tax recovery notices for the covered period therefore failed. en-us Mon, 10 Jan 2022 00:00:00 +0530 Thu, 10 Mar 2022 08:16:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419359 An approved resolution plan under the Insolvency and Bankruptcy Code, 2016 binds the corporate debtor and all stakeholders, including governmental authorities. Claims for VAT and CST dues relating to the pre-approval period, which were not lodged in the insolvency process and were not included in the approved plan, stood frozen and extinguished. In light of Section 31 and the overriding effect of Section 238, recovery or demand proceedings for such excluded pre-plan dues could not be continued or enforced. The tax recovery notices for the covered period therefore failed. Case-Laws VAT and Sales Tax Mon, 10 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419359