Suit or Proceeding cannot be Continued Against Corporate Debtor until Conclusion of Proceedings Under IBC 2016: ITAT [Read Order]

By Fathima Karama A.M - On June 13, 2023 11:30 am - 2 mins read
Suit - Proceeding - Suit or Proceeding - Corporate Debtor - Proceedings Under IBC 2016 - IBC 2016 - IBC - ITAT - Income Tax - taxscan

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that a suit or proceedings could not be continued against a corporate debtor until the conclusion of proceedings taken place under Insolvency and Bankruptcy Code 2016 (IBC). The assessee, Future Enterprises Limited, had been referred to the Corporate Insolvency Resolution Process under Insolvency and…

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