NCLT-approved resolution plans extinguish pre-CIRP GST demands

Arena Superstructures Private Limited Vs Union of India And 3 Others (Allahabad High Court) In a significant ruling, the Allahabad High Court on June 7, 2025, quashed a Goods and Services Tax (GST) demand and an associated notice issued against Arena Superstructures Private Limited for the financial year 2017-2018. The court held that once a resolution plan for a corporate debtor has been approved by the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code (IBC), 2016, no further claims, including statutory dues, can be raised for the period prior to the plan’s a...