Pydah Educational Academy filed a review petition against an order passed in Writ Petition No. 22983 of 2022. The dispute concerns the attachment of property by the Commercial Tax Department due to unpaid dues of M/s. Sri Lakshmi Srinivas Jute Mills Limited, from whom the petitioner purchased the property.
Pydah Educational Academy purchased property from M/s. Sri Lakshmi Srinivas Jute Mills Limited.
Sri Lakshmi Srinivas Jute Mills Limited defaulted on payments to the Commercial Tax Department under the A.P. VAT Act, 2005.
The Commercial Tax Department attached properties of the Jute Mills, including the property sold to the petitioner.
Insolvency proceedings were initiated against the Jute Mills before the NCLT Bench, Amaravati.
A resolution plan was approved by the NCLT, where the State Government was given the status of an operational creditor and awarded a sum of Rs.78,04,413/-.
The petitioner contended that the approved resolution plan extinguished the state's claims against the Jute Mills.
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Pydah Educational Academy purchased property…
Commercial Tax…
Pydah Educational Academy filed a review petition against an order passed in Writ Petition No. 22983 of 2022. The dispute concerns the attachment of property by the Commercial Tax Department due to unpaid dues of M/s. Sri Lakshmi Srinivas Jute Mills Limited, from whom the petitioner purchased the property.
Pydah Educational Academy purchased property from M/s. Sri Lakshmi Srinivas Jute Mills Limited.
Sri Lakshmi Srinivas Jute Mills Limited defaulted on payments to the Commercial Tax Department under the A.P. VAT Act, 2005.
The Commercial Tax Department attached properties of the Jute Mills, including the property sold to the petitioner.
Insolvency proceedings were initiated against the Jute Mills before the NCLT Bench, Amaravati.
A resolution plan was approved by the NCLT, where the State Government was given the status of an operational creditor and awarded a sum of Rs.78,04,413/-.
The petitioner contended that the approved resolution plan extinguished the state's claims against the Jute Mills.
…Pydah Educational Academy purchased property…
Commercial Tax…