Shri Shyam Industries Private Limited Vs Prosperity Steels Limited (NCLT Kolkata)

Shri Shyam Industries Private Limited Vs Prosperity Steels Limited (NCLT Kolkata) In the case of Shri Shyam Industries Private Limited –vs.- Propserity Steels Ltd. [CP (IB) No. 998/KB/2018, Kol dated 18-02-2021], the Resolution Applicant sought various reliefs and concessions. In response to the same, NCLT has held as under: – With respect to waiver of statutory dues, taxes, penalties, penal interest, demands, etc. incurred for the period till the commencement of CIRP date for period prior to CIRP, NCLT has allowed the relief/concession. With respect to reversal of disallowances made ...