NCLAT rejects tax claim against Reliance Communication dues after insolvency plea

National Company Law Appellate Tribunal (NCLAT) has set aside a petition filed by the State Tax Department asking to claim dues against Reliance Communications based on an assessment made after the company’s insolvency resolution process started, reported the news agency PTI on Saturday, September 21.

“Apart from the reasons given by the Adjudicating Authority (NCLT), we are of the view that the claim which was on the basis of the assessment made subsequent to the initiation of CIRP could not have been admitted,” said Chairperson Justice Ashok Bhushan and Arun Baroka, part of the NCLAT bench, as per the report.