"Entire tax administration now in a pell-mell:" Madras High Court on the effect of 2019 IBC amendment on tax collection

The entire tax administration of the country is now in a pell-mell. All the tax authorities will have to make a beeline before the NCLT to recover tax dues if proceedings are initiated under IBC, 2016, the Court said.
Madras High Court
Madras High Court

The Madras High Court recently observed that a 2019 amendment to Section 31 of the Insolvency and Bankruptcy Code, 2016 (IBC) has left the entire tax administration in India in a State of pell-mell (Ruchi Soya Industries Ltd. v Union of India and anr).

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