https://www.taxtmi.com/highlights?id=75426 CIRP Proceedings under IBC versus Tax Dues / Statutory Dues - The High court noted that NCLT should have been cautious before approving the Corporate Insolvency Resolution Plan and could have imposed penalties for the fraudulent initiation of proceedings. The court emphasized that statutory dues cannot be waived off merely by an insolvency resolution process and must be settled as per law. en-us Wed, 06 Mar 2024 08:28:45 +0530 Wed, 06 Mar 2024 06:27:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=75426 CIRP Proceedings under IBC versus Tax Dues / Statutory Dues - The High court noted that NCLT should have been cautious before approving the Corporate Insolvency Resolution Plan and could have imposed penalties for the fraudulent initiation of proceedings. The court emphasized that statutory dues cannot be waived off merely by an insolvency resolution process and must be settled as per law. Highlights Insolvency and Bankruptcy Wed, 06 Mar 2024 08:28:45 +0530 https://www.taxtmi.com/highlights?id=75426