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    <title>IBC has overriding effect over provisions of the Income Tax &amp; GST Act</title>
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    <description>Insolvency and Bankruptcy Code provisions have an overriding effect over income tax, GST and other enactments where conflict exists; upon appointment of the Official Liquidator the corporate debtor is effectively defunct and proceedings against it are subject to the Code. The Code&#039;s moratorium bars institution or continuation of suits, proceedings and execution of orders against the corporate debtor during the moratorium, and tax or GST proceedings that conflict with the moratorium are to be kept in abeyance until the moratorium is lifted and the insolvency process concludes.</description>
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    <pubDate>Sat, 08 Apr 2023 09:38:53 +0530</pubDate>
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      <title>IBC has overriding effect over provisions of the Income Tax &amp; GST Act</title>
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      <description>Insolvency and Bankruptcy Code provisions have an overriding effect over income tax, GST and other enactments where conflict exists; upon appointment of the Official Liquidator the corporate debtor is effectively defunct and proceedings against it are subject to the Code. The Code&#039;s moratorium bars institution or continuation of suits, proceedings and execution of orders against the corporate debtor during the moratorium, and tax or GST proceedings that conflict with the moratorium are to be kept in abeyance until the moratorium is lifted and the insolvency process concludes.</description>
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      <pubDate>Sat, 08 Apr 2023 09:38:53 +0530</pubDate>
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