Allahabad HC Quashes Post-CIRP Tax Demands Against Corporate Debtor

Tehri Iron And Steel Casting Limited And 2 Others Vs State of U.P. And 2 Others (Allahabad High Court) The Allahabad High Court has nullified a series of tax orders and demand notices issued against Tehri Iron And Steel Casting Limited, ruling that these claims are invalid once a corporate debtor’s resolution plan is approved under the Insolvency and Bankruptcy Code (IBC). The company had filed a writ petition challenging orders passed by the State Tax Department related to the assessment year 2012-13, which were issued well after its resolution plan was approved by the National Company ...