Absence of GST Refund/ITC Claim in Demand Notice or Form 5 not Ground of Default for CIRP u/s 9 of IBC: NCLAT

Absence of GST Refund/ITC Claim in Demand Notice or Form 5 not Ground of Default for CIRP u/s 9 of IBC, rules NCLAT
GST - GST Refund - NCLAT - CIRP - ITC Claim - Default for CIRP - taxscan

The New Delhi Bench of the National Company Law Appellate Tribunal (NCLAT) held that the absence of GST Refund/ITC Claim in the demand notice or Form 5 not the ground of default for the Corporate Insolvency Resolution Process (CIRP) under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC). The present appeal filed under…

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