https://www.taxtmi.com/caselaws?id=781721 HC held that a resolution plan approved under s.31(1) IBC is binding on all stakeholders, including tax authorities, relying on SC precedent in Essar Steel. It rejected the tribunal's view that the assessee must avail statutory appellate remedy, holding that the impugned assessment ignored the binding effect of the approved resolution plan and thus warranted writ interference. Consequently, HC set aside the tribunal's order as well as the assessment order dated 10 December 2024, and allowed the writ petition. The appeal was accordingly disposed of. en-us Fri, 01 Aug 2025 00:00:00 +0530 Thu, 20 Nov 2025 08:42:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781721 HC held that a resolution plan approved under s.31(1) IBC is binding on all stakeholders, including tax authorities, relying on SC precedent in Essar Steel. It rejected the tribunal's view that the assessee must avail statutory appellate remedy, holding that the impugned assessment ignored the binding effect of the approved resolution plan and thus warranted writ interference. Consequently, HC set aside the tribunal's order as well as the assessment order dated 10 December 2024, and allowed the writ petition. The appeal was accordingly disposed of. Case-Laws VAT / Sales Tax Fri, 01 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781721