https://www.taxtmi.com/caselaws?id=778606 Commencement of moratorium under Section 14(1) of the Insolvency and Bankruptcy Code creates a statutory freeze on proceedings against the corporate debtor, and that bar extends to assessment proceedings that create or determine liability. A provident fund claim founded on an assessment prepared after the moratorium was therefore unenforceable and could not be admitted in the corporate insolvency resolution process. An undertaking by the successful resolution applicant to pay such a claim could not override the statutory prohibition or validate an otherwise barred liability. The direction treating the disputed provident fund amounts as payable under the resolution plan was set aside. en-us Thu, 18 Sep 2025 00:00:00 +0530 Fri, 19 Sep 2025 08:33:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778606 Commencement of moratorium under Section 14(1) of the Insolvency and Bankruptcy Code creates a statutory freeze on proceedings against the corporate debtor, and that bar extends to assessment proceedings that create or determine liability. A provident fund claim founded on an assessment prepared after the moratorium was therefore unenforceable and could not be admitted in the corporate insolvency resolution process. An undertaking by the successful resolution applicant to pay such a claim could not override the statutory prohibition or validate an otherwise barred liability. The direction treating the disputed provident fund amounts as payable under the resolution plan was set aside. Case-Laws IBC Thu, 18 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778606