https://www.taxtmi.com/caselaws?id=462134 The Appellate Tribunal dismissed the Income Tax Department's challenge to a Resolution Plan under the Insolvency and Bankruptcy Code. The tribunal held that since the department did not file claims during the Corporate Insolvency Resolution Process (CIRP) and Assessment Orders were passed during the moratorium period, it lacked standing to contest the plan's approval. The NCLT's resolution plan was upheld, emphasizing procedural compliance and statutory protections for corporate debtors. en-us Fri, 01 Mar 2024 00:00:00 +0530 Tue, 27 May 2025 19:09:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462134 The Appellate Tribunal dismissed the Income Tax Department's challenge to a Resolution Plan under the Insolvency and Bankruptcy Code. The tribunal held that since the department did not file claims during the Corporate Insolvency Resolution Process (CIRP) and Assessment Orders were passed during the moratorium period, it lacked standing to contest the plan's approval. The NCLT's resolution plan was upheld, emphasizing procedural compliance and statutory protections for corporate debtors. Case-Laws IBC Fri, 01 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462134