https://www.taxtmi.com/caselaws?id=757465 The judgment dismisses all cross appeals in limine due to the initiation of the liquidation process under the IBC Code, 2016, which imposes a moratorium on legal proceedings against the corporate debtor. The NCLT's approval of the liquidation as a going concern vests all powers with the liquidator, barring any income tax proceedings without their consent. The appeals are consigned to records, allowing reinitiation upon directions from the committee of creditors, NCLT, or the liquidator post-process completion, granting liberty to the parties to pursue appeals later. en-us Mon, 05 Aug 2024 00:00:00 +0530 Tue, 27 Aug 2024 08:18:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757465 The judgment dismisses all cross appeals in limine due to the initiation of the liquidation process under the IBC Code, 2016, which imposes a moratorium on legal proceedings against the corporate debtor. The NCLT's approval of the liquidation as a going concern vests all powers with the liquidator, barring any income tax proceedings without their consent. The appeals are consigned to records, allowing reinitiation upon directions from the committee of creditors, NCLT, or the liquidator post-process completion, granting liberty to the parties to pursue appeals later. Case-Laws Income Tax Mon, 05 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757465