2025 (2) TMI 497

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....cates appeared in this case: For the Petitioners : Mr. Sidharth Ray, Sr. Advocate. For the Opposite Parties : Mr. Avinash Kedia, Advocate (Junior Standing Counsel). JUDGMENT ARINDAM SINHA, ACJ. 1. The writ petition was moved on 16th July, 2024, when revenue obtained direction for filing counter. Submissions made by Mr. Ray, learned senior advocate appearing on behalf of petitioners,....

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.....7 of the writ petitions containing of the Petition is concerned, the opposite parties humbly submitted that the contention made by the petitioner is not sustainable. That the publication was applicable only for corporate and individual agencies and not for Govt. and since IT Dept. was not aware of the same. It skipped the attention of the authority. ... ..." (emphasis supplied) 3. He ....

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....ate or continue any proceedings in respect to a claim, which is not part of the resolution plan." He submits, the declaration of law is reiteration of provision in section 31 (1) in Insolvency and Bankruptcy Code, 2016. 4. Mr. Kedia, learned advocate, Junior Standing Counsel appears on behalf of revenue and draws attention to paragraph-3.2, page-110 in the writ petition. In the stated table ....

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.... 6. We have ascertained that 'old income tax dues' were considered in the resolution process. The process received approval on 7th November, 2017 by the National Company Law Tribunal (NCLT). The Supreme Court in Ghanashyam Mishra (supra) reiterated operation of section 31(1). 7. It appears from the appeal effect order, relevant assessment year was 2010-11, in respect of which there was refund ....