Delhi High Court ruled that government agencies must file claims during insolvency proceedings and cannot recover old dues after approval of a resolution plan. It quashed Customs’ ₹5.89 lakh demand against Jaiprakash Associates, reinforcing the IBC’s ‘clean slate’ principle.
Delhi High Court ruled that government agencies must file claims during insolvency proceedings and cannot recover old dues after approval of a resolution plan. It quashed Customs’ ₹5.89 lakh demand against Jaiprakash Associates, reinforcing the IBC’s ‘clean slate’ principle.
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Delhi High Court ruled that government agencies must file claims during insolvency proceedings and cannot recover old dues after approval of a resolution plan. It quashed Customs’ ₹5.89 lakh demand against Jaiprakash Associates, reinforcing the IBC’s ‘clean slate’ principle.
