https://www.taxtmi.com/caselaws?id=778675 NCLAT (PB) dismissed the appeal and upheld the assignment of a tax debt by the tax authority (R2) to a third party (R1). The Tribunal held that once the tax demand crystallised and R2 filed a claim in Form B during CIRP, the claim was properly admitted by the RP for Rs. 2,71,44,043; execution under the GST/MGST Acts was barred by the CIRP moratorium. Upon becoming an operational creditor, R2 validly assigned the debt to R1, who agreed to full reimbursement. The appeal lacked merit, though the Tribunal noted the SRA's plan treating tax dues as nil and flagged reassessment of tax assignment/discount issues. en-us Wed, 17 Sep 2025 00:00:00 +0530 Sat, 20 Sep 2025 08:38:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778675 NCLAT (PB) dismissed the appeal and upheld the assignment of a tax debt by the tax authority (R2) to a third party (R1). The Tribunal held that once the tax demand crystallised and R2 filed a claim in Form B during CIRP, the claim was properly admitted by the RP for Rs. 2,71,44,043; execution under the GST/MGST Acts was barred by the CIRP moratorium. Upon becoming an operational creditor, R2 validly assigned the debt to R1, who agreed to full reimbursement. The appeal lacked merit, though the Tribunal noted the SRA's plan treating tax dues as nil and flagged reassessment of tax assignment/discount issues. Case-Laws IBC Wed, 17 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778675