The appeal arises from an order passed by the Adjudicating Authority/National Company Law Tribunal, Kochi Bench, regarding clarification of an order passed in MA/140/KOB/2020 in TIBA/11/KOB/2019. The Adjudicating Authority had directed the Resolution Professional to file an appeal before the Joint Commissioner, State Sales Tax Department for reassessment of GST amount payable based on audited financial statements. The Resolution Professional sought clarification on whether they had the authority to file an appeal before the Joint Commissioner, GST, and whether any order passed by the Appellate Authority under CGST Act would be binding on the Corporate Debtor during the moratorium period. The Adjudicating Authority concluded there was no error in its earlier order and
…The Corporate Insolvency Resolution Process (CIRP) was initiated against PVS Memorial Hospital Private Limited based on an application filed by Dr. N P Kamlesh and M/s OCS Group (India) PRIVATE LIMITED. The application was admitted by NCLT, Kochi Bench on 16.10.2019. The Appellant, Bijoy Prabhakaran Pulipra, was appointed as the Interim Resolution Professional (IRP) and later confirmed as Resolution Professional (RP). The Respondent, State Tax Officer (Works Contract), submitted a claim of ₹ 28,41,59,349.06. The RP revised the admitted claim amount to ₹ 1,06,09,299 after verifying GST claims. The RP stated that the GST Department had erroneously charged GST on the total turnover of the Corporate Debtor without considering relevant notifications. The Respondent filed an
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CIRP initiated against…
Bijoy Prabhakaran…
The appeal arises from an order passed by the Adjudicating Authority/National Company Law Tribunal, Kochi Bench, regarding clarification of an order passed in MA/140/KOB/2020 in TIBA/11/KOB/2019. The Adjudicating Authority had directed the Resolution Professional to file an appeal before the Joint Commissioner, State Sales Tax Department for reassessment of GST amount payable based on audited financial statements. The Resolution Professional sought clarification on whether they had the authority to file an appeal before the Joint Commissioner, GST, and whether any order passed by the Appellate Authority under CGST Act would be binding on the Corporate Debtor during the moratorium period. The Adjudicating Authority concluded there was no error in its earlier order and
…The Corporate Insolvency Resolution Process (CIRP) was initiated against PVS Memorial Hospital Private Limited based on an application filed by Dr. N P Kamlesh and M/s OCS Group (India) PRIVATE LIMITED. The application was admitted by NCLT, Kochi Bench on 16.10.2019. The Appellant, Bijoy Prabhakaran Pulipra, was appointed as the Interim Resolution Professional (IRP) and later confirmed as Resolution Professional (RP). The Respondent, State Tax Officer (Works Contract), submitted a claim of ₹ 28,41,59,349.06. The RP revised the admitted claim amount to ₹ 1,06,09,299 after verifying GST claims. The RP stated that the GST Department had erroneously charged GST on the total turnover of the Corporate Debtor without considering relevant notifications. The Respondent filed an
…CIRP initiated against…
Bijoy Prabhakaran…