https://www.taxtmi.com/caselaws?id=790665 Once a resolution plan is approved under the Insolvency and Bankruptcy Code and challenges to the insolvency orders fail, pre-existing claims not admitted in the corporate insolvency resolution process cannot be enforced independently against the corporate debtor. On that basis, the High Court held that the notice blocking input tax credit could not survive, since the State's claim had not been adjudicated or allowed in the resolution process and had attained finality with the failed challenge. The impugned notice was quashed, the respondents were directed to unblock the input tax credit and release the amount admissible in law, while any recovery action otherwise available in law was left open. en-us Fri, 24 Apr 2026 00:00:00 +0530 Tue, 28 Apr 2026 07:29:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790665 Once a resolution plan is approved under the Insolvency and Bankruptcy Code and challenges to the insolvency orders fail, pre-existing claims not admitted in the corporate insolvency resolution process cannot be enforced independently against the corporate debtor. On that basis, the High Court held that the notice blocking input tax credit could not survive, since the State's claim had not been adjudicated or allowed in the resolution process and had attained finality with the failed challenge. The impugned notice was quashed, the respondents were directed to unblock the input tax credit and release the amount admissible in law, while any recovery action otherwise available in law was left open. Case-Laws GST Fri, 24 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790665