https://www.taxtmi.com/caselaws?id=450462 A resolution plan approved in insolvency cannot be relied on to defeat VAT and CST recovery notices where the process appears staged or fraudulent. The Madras HC noted the rapid sequence of insolvency steps, the treatment of statutory dues as contingent liabilities, and the absence of convincing disclosure of creditor participation. On that factual assessment, the court held that the commercial tax department was not bound by the plan for the purpose of quashing the demand notices, and the writ challenge to the tax recovery notices failed. en-us Mon, 05 Feb 2024 00:00:00 +0530 Mon, 12 Jan 2026 14:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450462 A resolution plan approved in insolvency cannot be relied on to defeat VAT and CST recovery notices where the process appears staged or fraudulent. The Madras HC noted the rapid sequence of insolvency steps, the treatment of statutory dues as contingent liabilities, and the absence of convincing disclosure of creditor participation. On that factual assessment, the court held that the commercial tax department was not bound by the plan for the purpose of quashing the demand notices, and the writ challenge to the tax recovery notices failed. Case-Laws IBC Mon, 05 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450462