Quick Summary
In a major relief for Reliance Communications (RCom), the National Company Law Appellate Tribunal (NCLAT) has dismissed a tax claim of Rs 6.10 crore filed by the state tax department. The tribunal upheld the earlier decision of the National Company Law Tribunal (NCLT), which had rejected the claim, citing that it was based on an assessment made after the Corporate Insolvency Resolution Process (CIRP) had already commenced. Details of the Case The Corporate Insolvency Resolution Process (CIRP)
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FAQ :
The NCLAT dismissed a tax claim amounting to Rs 6.10 crore.
The tax claim was against Reliance Communications (RCom).
The claim was dismissed because it was filed after the Corporate Insolvency Resolution Process (CIRP) for RCom had already begun, making it inadmissible.
The CIRP for RCom commenced on June 22, 2019.
Yes, the NCLAT upheld the earlier decision made by the National Company Law Tribunal (NCLT).
Yes, the ruling reinforces that claims filed after the initiation of insolvency proceedings cannot be entertained, setting a clear timeline for claimants.
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