NCLT denies request to redirect tax refund mistakenly credited to CLCI after de-merger; jurisdiction over tax redirection debated.

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....Who is entitled to get the income tax refund after de-merger - Jurisdiction to direct the IT Department and RBL Bank Ltd. - It is submitted that, income tax refund which had been wrongly credited by the IT Department to CLCI-Respondent No.4 - NCLT rightly dismissed the request of the appellant - AT....