Approved resolution plan conclusively bars subsequent claims; Section 74(9) CGST assessment quashed to protect insolvency process

Approved resolution plan conclusively bars subsequent claims; Section 74(9) CGST assessment quashed to protect insolvency processCase-LawsGSTHC held that, pursuant to the Supreme Court precedent, approval of a Resolution Plan by the NCLT conclusively bars

Approved resolution plan conclusively bars subsequent claims; Section 74(9) CGST assessment quashed to protect insolvency process
Case-Laws
GST
HC held that, pursuant to the Supreme Court precedent, approval of a Resolution Plan by the NCLT conclusively bars subsequent claims by other creditors as such claims would disrupt the resolution process. Applying that principle, the Court found no justification to sustain a post-approval tax assessment and accordingly quashed the impugned asses

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