GST Claims Barred After Resolution Plan Approval: Allahabad HC

Arena Superstructures Private Limited Vs Union of India And 4 Others (Allahabad High Court) Allahabad High Court rules GST demand for pre-CIRP period invalid after NCLT approves resolution plan, citing Supreme Court judgments on IBC finality. Allahabad: In a significant ruling reinforcing the finality of resolution plans approved under the Insolvency and Bankruptcy Code (IBC), 2016, the Allahabad High Court has quashed a Goods and Services Tax (GST) assessment order and demand notice issued against a company after its Corporate Insolvency Resolution Process (CIRP) had concluded and the resol...