The case involves an application filed in the National Company Law Tribunal (NCLT) concerning the Corporate Insolvency Resolution Process (CIRP) of Prius Commercial Project Pvt. Ltd. The Resolution Professional (RP) sought a direction to revoke the cancellation of the Corporate Debtor's GST registration and reinstate it, allowing the filing of tax returns. The CIRP was initiated on August 9, 2019, and the GST registration was cancelled on October 15, 2019, during the moratorium period.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Prius Commercial Project (P) Limited on August 9, 2019. The Assistant Commissioner, Central Goods and Service Tax (ITO), New Delhi, cancelled the GST registration of Prius Commercial Project (P) Limited on October 15, 2019. This cancellation occurred during the moratorium period declared under Section 14 of the IBC, 2016. The Resolution Professional (RP) for Prius Commercial Project (P) Limited, Mr. Mahender Kumar Khandelwal, filed an application seeking the revocation of the GST cancellation order. The RP argued that the cancellation prevented the Corporate Debtor from filing GST returns, adversely affecting the CIRP. The Assistant Commissioner submitted that the Corporate Debtor must file for
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Corporate Insolvency Resolution Process (CIRP)…
GST registration of Prius Commercial Project…
The case involves an application filed in the National Company Law Tribunal (NCLT) concerning the Corporate Insolvency Resolution Process (CIRP) of Prius Commercial Project Pvt. Ltd. The Resolution Professional (RP) sought a direction to revoke the cancellation of the Corporate Debtor's GST registration and reinstate it, allowing the filing of tax returns. The CIRP was initiated on August 9, 2019, and the GST registration was cancelled on October 15, 2019, during the moratorium period.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Prius Commercial Project (P) Limited on August 9, 2019. The Assistant Commissioner, Central Goods and Service Tax (ITO), New Delhi, cancelled the GST registration of Prius Commercial Project (P) Limited on October 15, 2019. This cancellation occurred during the moratorium period declared under Section 14 of the IBC, 2016. The Resolution Professional (RP) for Prius Commercial Project (P) Limited, Mr. Mahender Kumar Khandelwal, filed an application seeking the revocation of the GST cancellation order. The RP argued that the cancellation prevented the Corporate Debtor from filing GST returns, adversely affecting the CIRP. The Assistant Commissioner submitted that the Corporate Debtor must file for
…Corporate Insolvency Resolution Process (CIRP)…
GST registration of Prius Commercial Project…