This is an appeal filed by the Liquidator against an order dated 7th February 2020. The Liquidator is aggrieved by the fact that the Income Tax Assessment of the Corporate Debtor was conducted during the moratorium period. The Liquidator argues that such assessment cannot be made during the moratorium period.
The Liquidator of Kaliber Associates Pvt. Ltd. filed an appeal against an order dated February 7, 2020, which allowed the Income Tax Assessment of the Corporate Debtor during the moratorium period. The Liquidator argued that such assessment is impermissible during the moratorium. The court noted that the assessment can be made, but the claim cannot be enforced during the moratorium. The Income Tax Department has to submit its claim to the Resolution Professional/Liquidator for consideration.
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Order allowing Income…
The Liquidator filed an…
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This is an appeal filed by the Liquidator against an order dated 7th February 2020. The Liquidator is aggrieved by the fact that the Income Tax Assessment of the Corporate Debtor was conducted during the moratorium period. The Liquidator argues that such assessment cannot be made during the moratorium period.
The Liquidator of Kaliber Associates Pvt. Ltd. filed an appeal against an order dated February 7, 2020, which allowed the Income Tax Assessment of the Corporate Debtor during the moratorium period. The Liquidator argued that such assessment is impermissible during the moratorium. The court noted that the assessment can be made, but the claim cannot be enforced during the moratorium. The Income Tax Department has to submit its claim to the Resolution Professional/Liquidator for consideration.
Order allowing Income…
The Liquidator filed an…
Sign in to view related legal provisions.