Back
IN THE HIGH COURT OF GUJARAT AT AHMEDABAD
BHARGAV D.KARIA, D.N.RAY
Technova Plastic Industries Pvt. Ltd. – Appellant
Versus
State Of Gujarat – Respondent
JUDGMENT :
D.N.RAY, J.
1. Heard learned Advocate Mr. Hardik P. Modh for the Petitioner and learned AGP Ms. Shrunjal Shah for the Respondents.
2. Rule returnable forthwith. Learned Assistant Government Pleader Ms. Shrunjal Shah waives service of notice of rule on behalf of the respondents. With the consent of learned advocates for the respective parties, the matter is taken up for final hearing, as the issue involved is very short.
3. The petition is filed under Article 226 of the Constitution of India with a prayer to quash and set aside the Order dated 21.12.2016, passed by the respondent No.2. Accordingly, the following prayers have been made: -
“(a) That this Hon’ble Court be pleased to issue a Writ of Certiorari, or a Writ in the nature of Certiorari or any other appropriate writ, calling for the records in relation to Order dated 21.12.2016 passed by Respondent No.2 on the basis of which Entry No.13799 was made by the Respondent No.3 and after looking into the same and the legality thereof, this Hon’ble Court be pleased to quash and set aside the Order dated 21.12.2016 passed by Respondent No.2, on the basis of submissions herein above.
(b) That this Hon’ble Court be pleased to issu
Approved resolution plans under the Insolvency Code extinguish claims not included, barring enforcement actions for pre-existing statutory dues.
The approval of a resolution plan under the IBC extinguishes all claims not included in the plan, including tax liabilities.
The approval of a resolution plan under the IBC extinguishes all claims not included in the plan, including tax liabilities, ensuring a fresh start for the corporate debtor.
The approval of a Resolution Plan under the Insolvency and Bankruptcy Code is binding on all stakeholders, contingent on compliance with statutory obligations and financial guidelines, ensuring the v....
Approved resolution plans under the Insolvency and Bankruptcy Code extinguish all pre-CIRP claims not included, including statutory dues from tax authorities.
An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers
Please visit our Training & Support
Center or Contact Us for assistance
Scan Me!
India’s Legal research and Law Firm App, Download now!
For Daily Legal Updates, Join us on :
Back to top
