The Principal Commissioner of Income Tax (Central), Ludhiana, filed an application to set aside a letter dated 07.11.2022 issued by the liquidator of Lakshmi Energy & Foods Ltd., rejecting the claims of the applicant. The Corporate Insolvency Resolution Process (CIRP) was initiated against Lakshmi Energy & Foods Ltd. on 03.09.2019. Subsequently, a liquidation process commenced on 26.07.2021, with Mr. Kuldip Kumar Bassi appointed as the liquidator. The applicant filed claims in Form-B amounting to Rs. 126,58,50,964, which were rejected by the liquidator because they were received after the specified last date of submission, 25.08.2021.
The Principal Commissioner of Income Tax (Central), Ludhiana, filed a claim against Lakshmi Energy & Foods Ltd., which is undergoing Corporate Insolvency Resolution Process (CIRP) and subsequent liquidation. The CIRP was initiated on 03.09.2019, and the liquidation commenced on 26.07.2021. The Income Tax Department filed claims amounting to Rs. 126,58,50,964, which were rejected by the liquidator, Mr. Kuldip Kumar Bassi, on 07.11.2022, because the claims were filed after the last date of submission, 25.08.2021. The Income Tax Department filed their claims on 16.03.2022, 25.08.2022, and 04.11.2022. The liquidator's public announcement seeking claims was made on 30.07.2021, with a deadline of 25.08.2021. The Income Tax Department's claim includes outstanding demands
…Sign in to view the parties.
Corporate Insolvency Resolution Process (CIRP)…
Liquidation process…
The Principal Commissioner of Income Tax (Central), Ludhiana, filed an application to set aside a letter dated 07.11.2022 issued by the liquidator of Lakshmi Energy & Foods Ltd., rejecting the claims of the applicant. The Corporate Insolvency Resolution Process (CIRP) was initiated against Lakshmi Energy & Foods Ltd. on 03.09.2019. Subsequently, a liquidation process commenced on 26.07.2021, with Mr. Kuldip Kumar Bassi appointed as the liquidator. The applicant filed claims in Form-B amounting to Rs. 126,58,50,964, which were rejected by the liquidator because they were received after the specified last date of submission, 25.08.2021.
The Principal Commissioner of Income Tax (Central), Ludhiana, filed a claim against Lakshmi Energy & Foods Ltd., which is undergoing Corporate Insolvency Resolution Process (CIRP) and subsequent liquidation. The CIRP was initiated on 03.09.2019, and the liquidation commenced on 26.07.2021. The Income Tax Department filed claims amounting to Rs. 126,58,50,964, which were rejected by the liquidator, Mr. Kuldip Kumar Bassi, on 07.11.2022, because the claims were filed after the last date of submission, 25.08.2021. The Income Tax Department filed their claims on 16.03.2022, 25.08.2022, and 04.11.2022. The liquidator's public announcement seeking claims was made on 30.07.2021, with a deadline of 25.08.2021. The Income Tax Department's claim includes outstanding demands
…Corporate Insolvency Resolution Process (CIRP)…
Liquidation process…