UltraTech Nathdwara Cement’s Case And the Implications of Resolution Plan in Insolvency Bankruptcy Code
The recent relief given by Rajasthan High Court highlights the issue affecting effective resolution applicants under the Insolvency and Bankruptcy Code, 2016 (“IBC”) is regarding government claims relating to the period preceding the endorsement of the Resolution Plan. Government claims, for example, those raised by the Income Tax Department, Central