https://www.taxtmi.com/caselaws?id=764000 Approval of a resolution plan under the Insolvency and Bankruptcy Code, 2016 binds the corporate debtor and all creditors, including statutory authorities, in respect of pre-resolution dues. Because the tax demands and recovery communication related to periods long before the plan attained finality, they constituted pre-resolution claims and stood extinguished once the plan was approved. Section 238 gave the Code overriding effect over inconsistent laws, so the tax department could not enforce earlier assessment-based dues after approval. The recovery notice was therefore invalid and the writ petitions were allowed. en-us Wed, 27 Nov 2024 00:00:00 +0530 Wed, 01 Jan 2025 18:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764000 Approval of a resolution plan under the Insolvency and Bankruptcy Code, 2016 binds the corporate debtor and all creditors, including statutory authorities, in respect of pre-resolution dues. Because the tax demands and recovery communication related to periods long before the plan attained finality, they constituted pre-resolution claims and stood extinguished once the plan was approved. Section 238 gave the Code overriding effect over inconsistent laws, so the tax department could not enforce earlier assessment-based dues after approval. The recovery notice was therefore invalid and the writ petitions were allowed. Case-Laws VAT / Sales Tax Wed, 27 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764000