The case involves an application (I.A. 1870/2021) filed by the Resolution Professional (RP) of Satra Property Developers Pvt. Ltd. (Corporate Debtor) under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking a refund of an amount due as per an Assessment Order, along with interest under Section 244A of the Income Tax Act, 1961, from the Assistant Commissioner of Income Tax Range-3(1). The Corporate Debtor was admitted into Corporate Insolvency Resolution Process (CIRP) on August 10, 2020. The RP was appointed and a public announcement was made. During the assessment proceedings for AY 2018-19, it was submitted that the Corporate Debtor was undergoing CIRP. An Assessment Order was passed on April 19, 2021, determining a refund. However, the refund was
…The Resolution Professional (RP) of Satra Property Developers Pvt. Ltd. filed an application seeking a refund of an amount due as per an Assessment Order, along with interest. The Corporate Debtor was admitted into CIRP on August 10, 2020. The RP was appointed and a public announcement was made. During assessment proceedings for AY 2018-19, it was submitted that the Corporate Debtor was undergoing CIRP. An Assessment Order was passed on April 19, 2021, determining a refund of Rs. 1,50,49,868. A notice was issued to the Corporate Debtor proposing to adjust the refund against outstanding demands of past years. The Corporate Debtor filed a response stating that since the company was undergoing CIRP and a moratorium was in place, no demands could be recovered. Despite
…Sign in to view the parties.
C.P.(IB) No. 4464/MB/201…
The Company Petition 4464/IB/MB/2019 was…
The case involves an application (I.A. 1870/2021) filed by the Resolution Professional (RP) of Satra Property Developers Pvt. Ltd. (Corporate Debtor) under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking a refund of an amount due as per an Assessment Order, along with interest under Section 244A of the Income Tax Act, 1961, from the Assistant Commissioner of Income Tax Range-3(1). The Corporate Debtor was admitted into Corporate Insolvency Resolution Process (CIRP) on August 10, 2020. The RP was appointed and a public announcement was made. During the assessment proceedings for AY 2018-19, it was submitted that the Corporate Debtor was undergoing CIRP. An Assessment Order was passed on April 19, 2021, determining a refund. However, the refund was
…The Resolution Professional (RP) of Satra Property Developers Pvt. Ltd. filed an application seeking a refund of an amount due as per an Assessment Order, along with interest. The Corporate Debtor was admitted into CIRP on August 10, 2020. The RP was appointed and a public announcement was made. During assessment proceedings for AY 2018-19, it was submitted that the Corporate Debtor was undergoing CIRP. An Assessment Order was passed on April 19, 2021, determining a refund of Rs. 1,50,49,868. A notice was issued to the Corporate Debtor proposing to adjust the refund against outstanding demands of past years. The Corporate Debtor filed a response stating that since the company was undergoing CIRP and a moratorium was in place, no demands could be recovered. Despite
…C.P.(IB) No. 4464/MB/201…
The Company Petition 4464/IB/MB/2019 was…