https://www.taxtmi.com/caselaws?id=449158 Under the Insolvency and Bankruptcy Code, the moratorium under Section 14 bars recovery proceedings against the corporate debtor, but it does not stop the competent authority from assessing or determining tax dues. The liquidation-stage restriction under Section 33(5) operates similarly, leaving room for lawful assessment while confining the bar to proceedings against the debtor. The National Company Law Tribunal cannot exceed its statutory remit by declaring an assessment order void ab initio; it may examine legality, but not nullify the assessment in that manner. The impugned order was set aside and the matter remitted for fresh consideration. en-us Tue, 30 Jan 2024 00:00:00 +0530 Wed, 07 Feb 2024 06:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=449158 Under the Insolvency and Bankruptcy Code, the moratorium under Section 14 bars recovery proceedings against the corporate debtor, but it does not stop the competent authority from assessing or determining tax dues. The liquidation-stage restriction under Section 33(5) operates similarly, leaving room for lawful assessment while confining the bar to proceedings against the debtor. The National Company Law Tribunal cannot exceed its statutory remit by declaring an assessment order void ab initio; it may examine legality, but not nullify the assessment in that manner. The impugned order was set aside and the matter remitted for fresh consideration. Case-Laws Insolvency and Bankruptcy Tue, 30 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=449158