Aqua Terra Coke and Energy Limited, Formerly Known as Bhatia Coke and Energy Limited, Represented by Director, Madan Mohan Taneja vs Income Tax Officer, Corporate Ward 1(3) CHE

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2026 Supreme(Online)(Mad) 28720

IN THE HIGH COURT OF JUDICATURE AT MADRAS
MOHAMMED SHAFFIQ, J
Aqua Terra Coke and Energy Limited, Formerly Known as Bhatia Coke and Energy Limited, Represented by Director, Madan Mohan Taneja – Appellant
Versus
Income Tax Officer, Corporate Ward 1(3) CHE – Respondent

Advocates:
For the Appellants/Petitioners: Mr.Rahul Balaji, Ms.R.Vidhya Shankar, Mr.Anirudh Krishnan, Mr.R.Sivaraman, Mr.A.R.Karthik Lakshmanan
For the Respondents: Mr.R.Sankaranarayanan, Mr.Rajnish Pathiyil, Mr.Harsha Raj, Mr.A.P.Srinivas, Mr.D.Prabhu Mukunth, Mr.ANR.Jayaprathap

Table of Content
1. identification of parties involved and case overview. (Para 1 , 2 , 3)
2. arguments regarding 'clean slate theory' and its implications. (Para 4 , 5 , 6 , 7 , 8 , 9 , 10 , 11 , 12 , 13 , 14)
3. judicial observations on the application of 'clean slate theory' during cirp. (Para 16 , 17 , 18 , 19)
4. establishing the binding nature of resolution plans under ibc. (Para 20 , 21 , 22)

2026:MHC:1339 IN THE HIGH COURT OF JUDICATURE AT MADRAS RESERVED ON : 24.11.2025 PRONOUNCED ON : 24.02.2026 CORAM THE HONOURABLE MR.JUSTICE MOHAMMED SHAFFIQ W.P. Nos.22505, 22500, 15238, 15459, 30364, 32637, 33329 of 2024, 1540, 1547, 1552, 1554, 1556, 18804 of 2023, 30332, 11431, 23856 of 2022 and WMP Nos.36119, 24524, 33071, 35480, 35482, 36118, 16580, 16799, 16802 of

2024, 1632, 1640, 1644, 1646, 1649, 18038, 18040, 19547 of 2023, 10957, 10959, 22850, 22852 of 2022 W.P.No.22505 of 2024:

1. Aqua Terra Coke and Energy Limited, Formerly Known as Bhatia Coke and Energy Limited, Represented by Director, Madan Mohan Taneja, Having Registered Office at Village Kentamalle, Gummidipoondi, District, Thiruvallur, 601 201, Tamil Nadu. Petitioner(s)

1. Income Tax Officer, Corporate Ward 1(3) CHE, 121,

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2026 Supreme(Online)(Mad) 28720

IN THE HIGH COURT OF JUDICATURE AT MADRASMOHAMMED SHAFFIQ, JAqua Terra Coke and Energy Limited, Formerly Known as Bhatia Coke and Energy Limited, Represented by Director, Madan Mohan Taneja – AppellantVersusIncome Tax Officer, Corporate Ward 1(3) CHE – Respondent

Cases Referred (4)

IN THE HIGH COURT OF JUDICATURE AT MADRAS
MOHAMMED SHAFFIQ, J
Aqua Terra Coke and Energy Limited, Formerly Known as Bhatia Coke and Energy Limited, Represented by Director, Madan Mohan Taneja – Appellant
Versus
Income Tax Officer, Corporate Ward 1(3) CHE – Respondent