https://www.taxtmi.com/highlights?id=77030 Extinguishment of liability as per order of NCLT - challenge to order issued u/s 73 of the SGST/CGST Act 2017 - The High Court noted the NCLT order's explicit directive regarding the extinguishment of liabilities of the acquired company post-acquisition. The court emphasized the importance of honoring the NCLT's orders in such matters. The court relied on a previous decision and a Gujarat High Court judgment, both emphasizing the extinguishment of liabilities post-acquisition, to support its decision. en-us Wed, 01 May 2024 10:02:45 +0530 Wed, 01 May 2024 10:02:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=77030 Extinguishment of liability as per order of NCLT - challenge to order issued u/s 73 of the SGST/CGST Act 2017 - The High Court noted the NCLT order's explicit directive regarding the extinguishment of liabilities of the acquired company post-acquisition. The court emphasized the importance of honoring the NCLT's orders in such matters. The court relied on a previous decision and a Gujarat High Court judgment, both emphasizing the extinguishment of liabilities post-acquisition, to support its decision. Highlights GST Wed, 01 May 2024 10:02:45 +0530 https://www.taxtmi.com/highlights?id=77030