Claim of Income Tax Extinguishes with Post Approval of Resolution Plan by NCLT: Delhi HC [Read Order]

Claim of Income Tax Extinguishes - Post Approval - Resolution Plan by NCLT-Delhi HC-TAXSCAN

The Delhi High Court held that the claim of income tax is extinguished with post-approval of the resolution plan by the National Company Law Tribunal (NCLT). The petitioner, Monnet Ispat and Energy Limited has relied upon the order passed by the National Company Law Tribunal, Mumbai Bench [“NCLT Mumbai”] and the certificate of incorporation pursuant…

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