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NATIONAL COMPANY LAW TRIBUNAL
Dr. Venkata Ramakrishna Badarinath Nandula, Shri Charan Singh, JJ
Pridhvi Asset Reconstruction and Securitisation Company Ltd – Appellant
Versus
Sri Pavana Keerthi Hotels India Pvt Ltd – Respondent
| Table of Content |
|---|
| 1. corporate debtor's tax arrears during cirp (Para 1) |
| 2. ex parte proceedings and compliance issues (Para 2) |
| 3. jurisdiction of ghmc during cirp (Para 4 , 5 , 6 , 7 , 8 , 9 , 10) |
| 4. moratorium effects under ibc (Para 11 , 12 , 13 , 14 , 15 , 16 , 17) |
| 5. court's directive on tax recovery proceedings (Para 18 , 19 , 20) |
ORDER
This is an application filed by Resolution Professional (Applicant) of M/s. Sri Pavana Keerthi Hotels India Private Limited (Corporate Debtor) under Section 60(5) of The Insolvency and Bankruptcy Code, 2016 (IBC) read with Rule 11 of NCLT Rules, 2016 seeking the following reliefs against Greater Hyderabad Municipal Corporation represented by its Commissioner (Respondent):
a) Grant Ad-interim injunction or stay against the coercive steps that the Respondent Authority proposed to initiate including seize/seal of the Hotel premises situated at H.No.3-6-552 to 558, 558/1, Himayathnagar, Hyderabad.
b) Direct the Respondent Authority to lodge the claim for Rs.12,24,704/- with Resolution Professional towards arrears of taxes for the period up to CIRP Admission order dated 11.04.2022 payable by Corporate Debtor.
c) Direct the Respondent to permit the Resolution
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