Bhushan Power and Steel Limited filed a petition under Article 226 of the Constitution of India seeking a writ of Certiorari to quash the Common Assessment Order No. TAX/CNZ/2024.2426 dated 02.03.2024 issued by the Municipal Corporation of Delhi (MCD). The order demanded property tax for Flat Nos. 101-112, F-Block, International Trade Tower, Nehru Place, New Delhi-110019, specifically for Flat Nos. 109 to 112 owned by the petitioner. The petitioner also sought a writ of Mandamus to prevent the respondents from raising any demand for property tax on the said flats for the period prior to 26.03.2021, which the petitioner claims is the 'effective date' due to a resolution plan approved by NCLT and NCLAT. The petitioner underwent Corporate Insolvency Resolution Process
…Bhushan Power and Steel Limited (the petitioner) underwent Corporate Insolvency Resolution Process (CIRP) in 2017. JSW Steel Ltd. submitted a resolution plan, which was approved by the Committee of Creditors under Section 30(4) of the Insolvency & Bankruptcy Code, 2016 (IBC). The National Company Law Tribunal (NCLT) approved the plan on 05.09.2019, and the National Company Law Appellate Tribunal (NCLAT) confirmed it on 17.02.2020. The resolution plan stipulated that all liabilities and obligations of the petitioner relating to outstanding government dues prior to the effective date of 26.03.2021 were written off. The Municipal Corporation of Delhi (MCD) issued a Common Assessment Order dated 02.03.2024, demanding property tax for Flat Nos. 101-112, F-Block,
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Bhushan Power and Steel Limited filed a petition under Article 226 of the Constitution of India seeking a writ of Certiorari to quash the Common Assessment Order No. TAX/CNZ/2024.2426 dated 02.03.2024 issued by the Municipal Corporation of Delhi (MCD). The order demanded property tax for Flat Nos. 101-112, F-Block, International Trade Tower, Nehru Place, New Delhi-110019, specifically for Flat Nos. 109 to 112 owned by the petitioner. The petitioner also sought a writ of Mandamus to prevent the respondents from raising any demand for property tax on the said flats for the period prior to 26.03.2021, which the petitioner claims is the 'effective date' due to a resolution plan approved by NCLT and NCLAT. The petitioner underwent Corporate Insolvency Resolution Process
…Bhushan Power and Steel Limited (the petitioner) underwent Corporate Insolvency Resolution Process (CIRP) in 2017. JSW Steel Ltd. submitted a resolution plan, which was approved by the Committee of Creditors under Section 30(4) of the Insolvency & Bankruptcy Code, 2016 (IBC). The National Company Law Tribunal (NCLT) approved the plan on 05.09.2019, and the National Company Law Appellate Tribunal (NCLAT) confirmed it on 17.02.2020. The resolution plan stipulated that all liabilities and obligations of the petitioner relating to outstanding government dues prior to the effective date of 26.03.2021 were written off. The Municipal Corporation of Delhi (MCD) issued a Common Assessment Order dated 02.03.2024, demanding property tax for Flat Nos. 101-112, F-Block,
…Bhushan Power and Steel…
The National Company Law Tribunal (NCLT)…
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