ASIAN COLOUR COATED ISPAT LIMITED v. THE UNION OF INDIA & ORS. – BOMBAY HIGH COURT
High Court, Bombay
B.P Colabawalla, Justice & Firdosh P. Pooniwalla, Justice
ASIAN COLOUR COATED ISPAT LIMITED
v.
THE UNION OF INDIA & ORS.
WRIT PETITION No. 17873 of 2024 dated 08.04.2025
Law : GST
Act Name : Central Goods & Services Tax Act, 2017
Relevant Section : Section 73
Decision : In favour of assessee
Demand post resolution plan approval – Claim related to pre-resolution period – Resolution Plan under Section 31(1) of IBC is binding on Central Government and all statutory authorities – Once NCLT approves a resolution plan no tax recovery proceedings for prior period can continue – Held: Writ petition allowed – Impugned order and notice quashed – Claims not part of resolution plan stand extinguished .
Represented By:
Counsel for the Petitioner: Gopal Mundhra, with Harsh Shah, Ginita Bodani i/b Economic Laws Practice, Advocates
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