https://www.taxtmi.com/caselaws?id=456303 The NCLAT set aside the NCLT Guwahati order and remitted the matter back for fresh consideration. The case involved income tax recovery proceedings where the tax department had filed claims totaling Rs. 16,20,25,953 for assessment years 2013-14 and 2014-15 through Form B dated 14.11.2017, prior to the resolution plan approval on 20.09.2018. The NCLAT held that the adjudicating authority failed to consider that government dues constitute secured creditor claims and that proper bank attachment procedures were followed after non-compliance with recovery notices. en-us Tue, 07 Feb 2023 00:00:00 +0530 Mon, 15 Jul 2024 19:50:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456303 The NCLAT set aside the NCLT Guwahati order and remitted the matter back for fresh consideration. The case involved income tax recovery proceedings where the tax department had filed claims totaling Rs. 16,20,25,953 for assessment years 2013-14 and 2014-15 through Form B dated 14.11.2017, prior to the resolution plan approval on 20.09.2018. The NCLAT held that the adjudicating authority failed to consider that government dues constitute secured creditor claims and that proper bank attachment procedures were followed after non-compliance with recovery notices. Case-Laws Insolvency and Bankruptcy Tue, 07 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456303