The case involves a Company Appeal against the rejection of the Appellant's claim by the Liquidator of M/s. Sri NagaNanthana Mills Ltd. The Appellant, State of Tamil Nadu, filed a claim for tax liabilities arising from assessment years 2003-2004 to 2016-2017. The claim was rejected by the Liquidator due to non-compliance with the prescribed form, inconsistency with I&B Code regulations, and being barred by limitation.
The Appellant, State of Tamil Nadu, filed a claim for tax liabilities against the Corporate Debtor, M/s. Sri NagaNanthana Mills Ltd.
The Corporate Debtor was placed under liquidation by an order dated 21.06.2018.
The Liquidator rejected the Appellant's claim on 17.02.2020 due to non-compliance with the prescribed form, inconsistency with I&B Code regulations, and being barred by limitation.
The Appellant filed applications seeking to set aside the rejection order and condone the delay in filing an appeal under Section 42 of the I&B Code.
The Learned Adjudicating Authority rejected the Appellant's applications by an order dated 20.03.2024.
The Appellant filed a Company Appeal challenging the rejection order, along with an application seeking condonation of delay in re-filing.
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Corporate Debto…
Liquidator issued a…
The case involves a Company Appeal against the rejection of the Appellant's claim by the Liquidator of M/s. Sri NagaNanthana Mills Ltd. The Appellant, State of Tamil Nadu, filed a claim for tax liabilities arising from assessment years 2003-2004 to 2016-2017. The claim was rejected by the Liquidator due to non-compliance with the prescribed form, inconsistency with I&B Code regulations, and being barred by limitation.
The Appellant, State of Tamil Nadu, filed a claim for tax liabilities against the Corporate Debtor, M/s. Sri NagaNanthana Mills Ltd.
The Corporate Debtor was placed under liquidation by an order dated 21.06.2018.
The Liquidator rejected the Appellant's claim on 17.02.2020 due to non-compliance with the prescribed form, inconsistency with I&B Code regulations, and being barred by limitation.
The Appellant filed applications seeking to set aside the rejection order and condone the delay in filing an appeal under Section 42 of the I&B Code.
The Learned Adjudicating Authority rejected the Appellant's applications by an order dated 20.03.2024.
The Appellant filed a Company Appeal challenging the rejection order, along with an application seeking condonation of delay in re-filing.
…Corporate Debto…
Liquidator issued a…