Uncertainties surrounding tax claims in the resolution process and their impact on the clean slate principle under IBC?
Introduction India’s Insolvency and Bankruptcy Code (IBC), enacted in 2016, represents a progressive legal framework aimed at revitalising distressed companies and ensuring timely debt recovery. A key principle underlying the IBC is the “clean slate principle,” which allows corporate debtors to be absolved of past liabilities following the approval of a resolution plan. This concept is crucial for attracting resolution […]
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