IBC Moratorium Bars Revenue Appeals: ITAT Mumbai

ACIT Vs Nirjala Teleholdings Limited (ITAT Mumbai) ITAT Mumbai Dismisses Revenue Appeals In Limine: IBC Moratorium Bars Any Proceedings Against Corporate Debtor In these Revenue appeals, Tribunal noted that Nirjala Teleholdings Ltd had already been admitted into Corporate Insolvency Resolution Process (CIRP) by NCLT, Chennai Bench, vide order dated 13.04.2023 u/s 7 of the IBC. As a consequence, the statutory moratorium u/s 14(1) came into immediate effect, prohibiting the institution, continuation or adjudication of any proceedings against the corporate debtor before any Court, Tribunal or aut...