Patna Highway Projects Ltd. filed writ petitions challenging the demand raised under the Bihar Goods and Services Tax Act, 2017 (BGST Act) for the assessment years 2020-21 and 2022-23. The petitioner argued that the demands were extinguished because the State Tax Authorities did not move the National Company Law Tribunal (NCLT) to include their demand in the resolution plan under the Corporate Insolvency Resolution Process (CIRP). The NCLT had initiated CIRP based on a Financial Creditor's application, and a resolution plan was approved by the Committee of Creditors with a majority of 97% on 10.05.2020. The petitioner's management was handed over to the Resolution Applicant (RA). The State Taxes Department issued notices for assessment of tax, which the petitioner did
…Patna Highway Projects Ltd. (the petitioner) is a company registered under the Companies Act, 1956, and is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016 (IBC). The petitioner challenged demands raised under the Bihar Goods and Services Tax Act, 2017 (BGST Act) for the assessment years 2020-21 and 2022-23. The petitioner argued that these demands were extinguished because the State Tax Authorities did not move the National Company Law Tribunal (NCLT) to include their demand in the resolution plan. The NCLT initiated CIRP based on an application by a Financial Creditor. A resolution plan was approved by the Committee of Creditors (CoC) with 97% majority on 10.05.2020. The petitioner's management was
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NCLT, New Delhi,…
Patna Highway Projects Ltd. filed writ petitions challenging the demand raised under the Bihar Goods and Services Tax Act, 2017 (BGST Act) for the assessment years 2020-21 and 2022-23. The petitioner argued that the demands were extinguished because the State Tax Authorities did not move the National Company Law Tribunal (NCLT) to include their demand in the resolution plan under the Corporate Insolvency Resolution Process (CIRP). The NCLT had initiated CIRP based on a Financial Creditor's application, and a resolution plan was approved by the Committee of Creditors with a majority of 97% on 10.05.2020. The petitioner's management was handed over to the Resolution Applicant (RA). The State Taxes Department issued notices for assessment of tax, which the petitioner did
…Patna Highway Projects Ltd. (the petitioner) is a company registered under the Companies Act, 1956, and is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016 (IBC). The petitioner challenged demands raised under the Bihar Goods and Services Tax Act, 2017 (BGST Act) for the assessment years 2020-21 and 2022-23. The petitioner argued that these demands were extinguished because the State Tax Authorities did not move the National Company Law Tribunal (NCLT) to include their demand in the resolution plan. The NCLT initiated CIRP based on an application by a Financial Creditor. A resolution plan was approved by the Committee of Creditors (CoC) with 97% majority on 10.05.2020. The petitioner's management was
…Agreement executed by the petitioner…
NCLT, New Delhi,…