# In the matter of Kusum Products Ltd. (KPL) Vs. Union of India & Anr. WP (C) 236-2017 & CM No. 1169-2017

> HC judgment dated 2018-08-29. Citation: TCN-2018-HC-00007. The petitioner/company, Kusum Products Limited (KPL), filed a petition seeking directions to the…

- **Court:** HC
- **Order date:** 29 Aug 2018
- **Citation:** TCN-2018-HC-00007
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/high-courts-chandigarh-bench/kusum-products-ltd-kpl-vs-union-of-india-anr-wp-093a45d2

## Summary

### Background

The petitioner/company, Kusum Products Limited (KPL), filed a petition seeking directions to the respondent No.2/Directorate of Income Tax (Recovery) for relief under Sections 41(1), 45, 72(3), and 115 JB of the Income Tax Act, following a scheme sanctioned by the BIFR. The petitioner had previously filed WP(C) No. 12152/2016 seeking amendment of the cut-off date in the BIFR scheme and extension of the rehabilitation period.

## Facts

Kusum Products Limited (KPL) filed a petition seeking directions for relief under the Income Tax Act, based on a BIFR-sanctioned scheme. KPL had previously filed WP(C) No. 12152/2016 regarding the BIFR scheme's cut-off date and rehabilitation period. The Government of India issued clarifications to address stakeholder difficulties. KPL's registered office is in West Bengal. The Insolvency Bankruptcy Code, 2016 stipulates approaching the NCLT where the registered office is located. The petitioner sought liberty to approach NCLT, Calcutta.

## Issues and analysis

### Issue 1: Whether the petitioner should be granted similar liberty to approach the NCLT as granted in WP(C) …

**Ratio:** The principle of granting similar relief when circumstances and legal grounds are

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**Reasoning:** The court considered that the respondent's counsel had no objection to granting similar

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**Interpretation:** This involves interpreting the scope of judicial discretion to ensure fairness

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**Application:** The court applied this principle by granting the petitioner the liberty to

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## Parties

- **Judges:** HIMA K…; DEEPA S…
- **Respondents:** KUSUM PRODUCTS…; Union of…

## Timeline

- **2012-01-24 — BIFR Ord…**: Order issued by the BIFR…
- **2016-01-01 — WP(C) No. 12152/2016…**: The petitioner filed WP(C) No. 12152/2016 seeking amendment of the cut-off date in the…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 72(3) — Punishment for wilful and material omissions…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-72)

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