Income Tax Department not a Secured Operational Creditor: NCLAT
Dismissing an appeal filed by the Income Tax Department, the NCLAT held that the Income Tax Department is not a Secured Operational Creditor
By Manu Sharma - On December 20, 2023 11:35 am - 2 mins read
Answering in the negative to whether the Income Tax Department is a secured operational creditor, the Principal Bench of the National Company Law Appellate Tribunal (NCLAT) dismissed the appeal of the Department. The National Company Law Appellate Tribunal (NCLAT) has ruled on Company Appeal (AT) (Insolvency) No. 1302 of 2023, filed by the Income Tax…
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