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Section 14 of IBC does not create a bar for finalisation of Tax assessment & adjudication proceedings
Case Law Details
- Case Name
- Platino Classic Motors India Pvt. Ltd. Vs Deputy Commissioner Of Central Tax And Central Excise (Kerala High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Kerala High Court
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Platino Classic Motors India Pvt. Ltd. Vs Deputy Commissioner Of Central Tax And Central Excise (Kerala High Court)
Introduction: Platino Classic Motors, a BMW car dealer in Kerala, faces a setback as the Kerala High Court rules on the application of Section 14 of the Insolvency and Bankruptcy Code (IBC). The court’s decision, outlined in Exhibits P-7 to P-10 orders, challenges the initiation of corporate insolvency resolution and sheds light on the assessment and adjudication proceedings.
Detailed Analysis:
1. Background and Insolvency Proceedings: The Federal Bank of I...
