ESL Steel Limited Vs Principal Commissioner
Date: July 10, 2023
Subject Matter
No recovery or proceedings can be continued against the company for any alleged dues prior to the approval of the resolution plan by the National Company Law Tribunal.
Summary
The Jharkhand High Court ruled that the liability of the earlier management cannot be transferred to the current management, and likewise, the credit available to the earlier management cannot be transferred to the current management. This decision w…
FULL TEXT OF THE JUDGMENT/ORDER OF JHARKHAND HIGH COURT The instant application has been preferred for the following relief:- (a) For quashing and setting aside the Order-in-Original No. 26/GST/ADC/Ran/2023 dated 24.02.2023 (Annexure-9) passed by the Additional Commissioner, CGST & CEX, Ranchi (Respondent No. 2), whereby and whereunder the said Respondent No. 4, in a quite illegal and ar…