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ITAT Mumbai Rules IBC Resolution Plan Extinguishes Unclaimed Tax Reassessment
ITAT Mumbai holds that tax reassessment and demands cannot survive if pre-CIRP tax claims were omitted from an approved resolution plan.
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Stamp Duty Cannot Be Levied Before Issuance of SARFAESI Sale Certificate: Bombay HC
The Bombay High Court rules that stamp duty cannot be charged before a SARFAESI sale certificate is issued, bringing clarity to auction purchasers.
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IRP’s Claim Admission Is Not Acknowledgment Under Limitation Act: SC
In a significant legal ruling delivered this week, the Supreme Court of India clarified that the admission of a claim by an Interim Resolution Professional (IRP) does not constitute an…