https://www.taxtmi.com/caselaws?id=797225 Approved resolution plans under Section 31 of the Insolvency and Bankruptcy Code, 2016 bind governmental and statutory authorities. Where a plan expressly covers affiliates and subsidiaries, requires withdrawal or dismissal of tax proceedings for periods before approval, extinguishes related liabilities, and bars contrary governmental or quasi-judicial action, pending income-tax proceedings for that period cannot continue. The clean slate principle applies where tax authorities participated in the insolvency process and their objections were rejected. Subsequent approval of such a plan may also support additional grounds or a Rule 27 plea before the Tribunal where it raises a pure legal issue without requiring fresh factual enquiry, avoiding an academic merits determination. en-us Mon, 03 Aug 2026 00:00:00 +0530 Wed, 19 Aug 2026 08:20:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797225 Approved resolution plans under Section 31 of the Insolvency and Bankruptcy Code, 2016 bind governmental and statutory authorities. Where a plan expressly covers affiliates and subsidiaries, requires withdrawal or dismissal of tax proceedings for periods before approval, extinguishes related liabilities, and bars contrary governmental or quasi-judicial action, pending income-tax proceedings for that period cannot continue. The clean slate principle applies where tax authorities participated in the insolvency process and their objections were rejected. Subsequent approval of such a plan may also support additional grounds or a Rule 27 plea before the Tribunal where it raises a pure legal issue without requiring fresh factual enquiry, avoiding an academic merits determination. Case-Laws Income Tax Mon, 03 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797225