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Initiation of recovery proceedings of property tax against Corporate Debtor post CIRP not tenable
Case Law Details
- Case Name
- Sri Pavana Keerthi Hotels India Private Limited Vs Commissioner (NCLT Hyderabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- NCLT
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Sri Pavana Keerthi Hotels India Private Limited Vs Commissioner (NCLT Hyderabad)
NCLT Hyderabad held that Greater Hyderabad Municipal Corporation cannot initiate recovery proceedings of property tax against the Corporate Debtor under the provisions of the GHMC act, post initiation of CIRP process and declaration of ‘Moratorium’ against the corporate debtor.
Facts- The Corporate Debtor was admitted into CIRP by this Tribunal vide order dated 11.04.2022 in a Petition filed by M/s. Pridhvi Asset Reconstruction and Securitisation Company Limited (Financial Creditor) and appointed the Applicant...
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