ITO WARD-14(3), NEW DELHI vs. KLM HOLDINGS PVT. LTD., NEW DELHI
In the result, for the statistical purposes the appeal of the revenue is dismissed
ITA 8252/DEL/2019[2014-15]Status: DisposedITAT Delhi30 Jul 2024AY 2014-15
Bench: Us That The National Company Law Tribunal, New Delhi Bench Passed An Order Dated 06.12.2023 On A Petition Filed By Bcl Enterprises Ltd. Against The Assessee Under Section 7 Of Ibc, 2016 For Default In Repayment Of Loan Sanction Of P A G E | 2 The Ito, Ward 14(3) Vs. M/S Klm Holdings Pvt. Ltd. Rs.1,10,00,000/- By The Bcl Enterprises Ltd. To The Assessee Before Us & The Amount Of The Corporate Debtors Has Been Declared Npa W.E.F 04.07.2023 Wherein The Total Due & Payable Of The Corporate Debtor To The Said Financial Creditor Of Rs.1,14,52,840/- As On 04.07.2023. By The Said Order The Application Has Been Admitted In View Of The Provision Of Sec. 7(6) Of Ibc, 2016 & Cirp Qua Cd Stood Commenced. Further That In View Of The Moratorium As Provided Under Section 14 Of Ibc, 2016, The Continuation Of Pending Suits Or Proceedings Against The Respondent Therein Before Any Court Of Law/Tribunal/Arbitration Panel & Other Authority Are Prohibited.
Section 14Section 7Section 7(6)
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The ITO, Ward 14(3) Vs. M/s KLM Holdings Pvt. Ltd.
IN THE INCOME TAX
