https://www.taxtmi.com/caselaws?id=769465 The Allahabad HC held that tax authorities cannot create new demands against a corporate debtor after NCLT approval of a Resolution Plan under IBC. The court quashed assessment orders and demand notices under CGST/UPGST Act for assessment years 2012-13, 2013-14, and 2017-18, ruling that post-approval claims by creditors would disrupt the resolution process and prevent the debtor from operating on a clean slate. The principle established is that once a Resolution Plan receives NCLT approval, all creditors are barred from raising subsequent claims. Petition allowed. en-us Mon, 21 Apr 2025 00:00:00 +0530 Fri, 25 Apr 2025 08:53:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769465 The Allahabad HC held that tax authorities cannot create new demands against a corporate debtor after NCLT approval of a Resolution Plan under IBC. The court quashed assessment orders and demand notices under CGST/UPGST Act for assessment years 2012-13, 2013-14, and 2017-18, ruling that post-approval claims by creditors would disrupt the resolution process and prevent the debtor from operating on a clean slate. The principle established is that once a Resolution Plan receives NCLT approval, all creditors are barred from raising subsequent claims. Petition allowed. Case-Laws GST Mon, 21 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769465