https://www.taxtmi.com/caselaws?id=789531 The clean slate theory under the Insolvency and Bankruptcy Code does not extinguish statutory tax dues arising during CIRP if they are not covered by the approved resolution plan; such current-period liabilities remain exigible. The Court treated clean slate authorities as confined to pre-CIRP claims and stressed that the insolvency framework requires continued compliance with fiscal law during CIRP. It also held that insolvency forums cannot be used as substitutes for the statutory tax hierarchy to decide income tax or GST assessment and recovery disputes, because Section 60(5) does not confer ordinary public law jurisdiction over such matters. en-us Tue, 24 Feb 2026 00:00:00 +0530 Thu, 09 Apr 2026 11:21:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789531 The clean slate theory under the Insolvency and Bankruptcy Code does not extinguish statutory tax dues arising during CIRP if they are not covered by the approved resolution plan; such current-period liabilities remain exigible. The Court treated clean slate authorities as confined to pre-CIRP claims and stressed that the insolvency framework requires continued compliance with fiscal law during CIRP. It also held that insolvency forums cannot be used as substitutes for the statutory tax hierarchy to decide income tax or GST assessment and recovery disputes, because Section 60(5) does not confer ordinary public law jurisdiction over such matters. Case-Laws Income Tax Tue, 24 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789531