2024 (8) TMI 1169

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....2018, ITA No. 99/Mum/2013, CO No. 183/Mum/2013 (Arising out of ITA No. 7607/Mum/2012), ITA No. 7280/Mum/2017, CO No. 120/Mum/2019 (Arising out of ITA No. 2791/Mum/2018, CO No. 119/Mum/2019 (Arising out of ITA No. 2790/Mum/2018, CO No. 20/Mum/2019 (Arising out of ITA No. 28/Mum/2018, ITA No. 1035/Mum/2019, ITA No. 3367/Mum/2018, ITA No. 3368/Mum/2018 And ITA No. 3368/Mum/2018 - -<br>Income Tax<br>S....

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.... to be liquidated as a going concern. a. Mr. Girish S. Juneja (Regn No: IPA-001/IP-P00999/ 2017- 2018/11646) and having office at 22 Dignity Apartments, Bon Lane, 7 Bungalows, Versova, Andheri (W) Mumbai: 400 053 is hereby appointed as the Liquidator as provided under Section 34(1) of the Code. b. That the Liquidator for conduct of the liquidation proceedings would be entitled to....

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....th a direction to the Liquidator to send this order to the ROC under which this Company has been registered. f. All the powers of the Board of Directors, Key Managerial Persons, the Partners of the Corporate Debtor hereafter ceased to exist. All these powers henceforth vest with the Liquidator. g. That the personnel of the Corporate Debtor are directed to extend all co-operation ....

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.... 3. Once the liquidation process has been initiated then, subject to Section 52 of the IBC, no suit or other legal proceedings shall be instituted or against the corporate debtor save and except the liberty of the liquidator. Since there is a bar for initiating any suit or any other legal proceedings during moratorium, it also includes the income tax proceedings. Therefore, under these circumsta....