Tax liabilities not part of Resolution Plan stand extinguished from date of approval of Plan

Taguda Pte. Limited Vs Subodh Kumar Agrawal (NCLT Mumbai)

NCLT held that all the past liabilities arising out of any levies/tax dues to any government authorities, etc. which are not part of the Resolution Plan and pertaining to Corporate Insolvency Process period shall stand extinguished from the date of approval of the Resolution Plan.

FULL TEXT OF THE NCLT JUDGMENT/ORDER

1. It is an IA/887/2022 filed by the Taguda Pte. Limited (Resoluti

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