High Court Rules Approved Insolvency Plan Extinguishes Unlisted Statutory Dues, Overrides Tax Demands Under IBC.

Case-Laws – GST – Highlights – The High Court examined the issue of liability to clear statutory dues post-insolvency proceedings under the Insolvency and Bankruptcy Code 2016. The resolution plan approved by NCLT provided for payment of Rs. 25 crores to

High Court Rules Approved Insolvency Plan Extinguishes Unlisted Statutory Dues, Overrides Tax Demands Under IBC.
Case-Laws
GST
The High Court examined the issue of liability to clear statutory dues post-insolvency proceedings under the Insolvency and Bankruptcy Code 2016. The resolution plan approved by NCLT provided for payment of Rs. 25 crores towards clearing all statutory dues, including claims by government authorities. Referring to the Supreme Court's decision in Ghanshyam Mishra

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