Claims Of GST Department Stand Barred After Approval Of Resolution Plan: Allahabad High Court
In a significant decision, the Allahabad High Court on April 21, 2025, quashed a tax assessment order and demand notice issued by the Deputy Commissioner, CGST/UPGST, against M/S Arena Superstructures Private Limited. The Court ruled that once a Resolution Plan under the Insolvency and Bankruptcy Code, 2016 (IBC) is approved by the National Company Law Tribunal (NCLT), no further tax demands for prior years can be raised. Corporate Insolvency and…
