AP HC Quashed Director Liability for Lack of Proven Negligence in Tax Recovery

Chukk Apalli Ramakrishna Prasad Vs Deputy Commercial Tax Officer (Andhra Pradesh High Court)

The Andhra Pradesh High Court disposed of three writ petitions by a common order as they arose from the same issue and related to the same private limited company in liquidation. The petitioners were directors of M/s. Kusalava Batteries Private Limited, which was liquidated under the Insolvency and Bankruptcy Code, 2016 pursuant to orders of the National Company Law Tribunal, Amaravati Bench. During liquidation, commercial tax authorities sought recovery of ₹24,14,944/- f

Please become a Premium member. If you are already a Premium member, login here to access the full content.