This is an application (I.A. 324 of 2021) filed by the Resolution Professional, Mr. Vijendra Kumar Jain, appointed to conduct the Corporate Insolvency Resolution Process (CIRP) for Transparent Energy Systems Private Limited (Corporate Debtor). The Resolution Professional seeks directions to withdraw a notice issued by the Income Tax Officer TDS-3 under Section 226(3) of the Income Tax Act, 1961, to HDFC Bank, Bhandarkar Road, Pune, freezing the Corporate Debtor's bank account. The CIRP commenced on March 8, 2019. The applicant also seeks permission to operate the said account.
The Resolution Professional, Mr. Vijendra Kumar Jain, filed an application (I.A. 324 of 2021) seeking the defreezing of the bank account of the Corporate Debtor, Transparent Energy Systems Private Limited. The CIRP commenced on March 8, 2019. The Income Tax Officer TDS-3, Pune, had issued a notice under Section 226(3) of the Income Tax Act, 1961, to HDFC Bank, Bhandarkar Road, Pune, freezing the Corporate Debtor's bank account due to outstanding tax dues of Rs. 7,26,424/-. The Resolution Professional argued that the attachment of the bank account should be withdrawn due to the moratorium imposed upon the commencement of the CIRP. The applicant also stated that the respondent was informed about the commencement of moratorium in the case of Corporate Debtor from
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Income Tax Department issued notice no…
The Corporate Insolvency Resolution Process…
This is an application (I.A. 324 of 2021) filed by the Resolution Professional, Mr. Vijendra Kumar Jain, appointed to conduct the Corporate Insolvency Resolution Process (CIRP) for Transparent Energy Systems Private Limited (Corporate Debtor). The Resolution Professional seeks directions to withdraw a notice issued by the Income Tax Officer TDS-3 under Section 226(3) of the Income Tax Act, 1961, to HDFC Bank, Bhandarkar Road, Pune, freezing the Corporate Debtor's bank account. The CIRP commenced on March 8, 2019. The applicant also seeks permission to operate the said account.
The Resolution Professional, Mr. Vijendra Kumar Jain, filed an application (I.A. 324 of 2021) seeking the defreezing of the bank account of the Corporate Debtor, Transparent Energy Systems Private Limited. The CIRP commenced on March 8, 2019. The Income Tax Officer TDS-3, Pune, had issued a notice under Section 226(3) of the Income Tax Act, 1961, to HDFC Bank, Bhandarkar Road, Pune, freezing the Corporate Debtor's bank account due to outstanding tax dues of Rs. 7,26,424/-. The Resolution Professional argued that the attachment of the bank account should be withdrawn due to the moratorium imposed upon the commencement of the CIRP. The applicant also stated that the respondent was informed about the commencement of moratorium in the case of Corporate Debtor from
…Income Tax Department issued notice no…
The Corporate Insolvency Resolution Process…