Income Tax Department’s Allocation Dispute in NCLAT Delhi Judgment

Income Tax Department Vs G. Madhusudhan Rao (NCLAT Delhi)

Introduction: The NCLAT Delhi recently addressed a crucial matter involving the Income Tax Department and G. Madhusudhan Rao. This article provides an in-depth analysis of the judgment dated 18.08.2023, focusing on the allocation dispute of Rs.26,06,41,424 in the Resolution Plan.

Detailed Analysis: The appeal, filed by the Income Tax Department, challenges the approval of the Resolution Plan by the

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