The case involves multiple Income Tax Appeals (ITA Nos. 533/2017, 534/2017, 535/2017, 536/2017, 537/2017, 538/2017, 539/2017, 540/2017, 541/2017, 542/2017, 543/2017, 544/2017, 545/2017, 546/2017, 5472017, 548/2017, 549/2017, 550/2017, 551/2017, 552/2017 & 554/2017) before the High Court of Delhi. The appeals concern the applicability of the Insolvency and Bankruptcy Code, 2016 ('Code') to pending proceedings against Monnet Ispat & Energy Ltd. The National Company Law Tribunal (NCLT) admitted a petition against Monnet Ispat & Energy Ltd. under Section 7 of the Code, filed by the State Bank of India.
The PR. COMMISSIONER OF INCOME TAX-6 filed multiple Income Tax Appeals (ITA Nos. 533/2017, 534/2017, 535/2017, 536/2017, 537/2017, 538/2017, 539/2017, 540/2017, 541/2017, 542/2017, 543/2017, 544/2017, 545/2017, 546/2017, 5472017, 548/2017, 549/2017, 550/2017, 551/2017, 552/2017 & 554/2017) against MONNET ISPAT & ENERGY LTD. The National Company Law Tribunal (NCLT) admitted a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 filed by the State Bank of India against Monnet Ispat & Energy Ltd. This triggered a moratorium, prohibiting the institution or continuation of suits or proceedings against the corporate debtor. The Income Tax Department sought to continue its appeals against the order of the Income Tax Appellate Tribunal ('ITAT')
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The National Company Law Tribunal (NCLT)…
Reference to the Supreme Court's decision in…
The case involves multiple Income Tax Appeals (ITA Nos. 533/2017, 534/2017, 535/2017, 536/2017, 537/2017, 538/2017, 539/2017, 540/2017, 541/2017, 542/2017, 543/2017, 544/2017, 545/2017, 546/2017, 5472017, 548/2017, 549/2017, 550/2017, 551/2017, 552/2017 & 554/2017) before the High Court of Delhi. The appeals concern the applicability of the Insolvency and Bankruptcy Code, 2016 ('Code') to pending proceedings against Monnet Ispat & Energy Ltd. The National Company Law Tribunal (NCLT) admitted a petition against Monnet Ispat & Energy Ltd. under Section 7 of the Code, filed by the State Bank of India.
The PR. COMMISSIONER OF INCOME TAX-6 filed multiple Income Tax Appeals (ITA Nos. 533/2017, 534/2017, 535/2017, 536/2017, 537/2017, 538/2017, 539/2017, 540/2017, 541/2017, 542/2017, 543/2017, 544/2017, 545/2017, 546/2017, 5472017, 548/2017, 549/2017, 550/2017, 551/2017, 552/2017 & 554/2017) against MONNET ISPAT & ENERGY LTD. The National Company Law Tribunal (NCLT) admitted a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 filed by the State Bank of India against Monnet Ispat & Energy Ltd. This triggered a moratorium, prohibiting the institution or continuation of suits or proceedings against the corporate debtor. The Income Tax Department sought to continue its appeals against the order of the Income Tax Appellate Tribunal ('ITAT')
…The National Company Law Tribunal (NCLT)…
Reference to the Supreme Court's decision in…