NCLT directs Statutory Auditor of the Corporate Debtor to share all the information requisitioned by the Resolution Professional to the extent the same are mandated to be maintained under the Companies Act and Standard of Auditing (SA) prescribed by the ICAI – Mr. Romesh Sawhney Vs. Mr. Rajesh Gupta, Director MLP Developers and Promoters Pvt. Ltd. – NCLT Chandigarh Bench

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To accept claims at the stage in CIRP/Liquidation proceedings, the claims have to be real, based on solid documentary evidence and in accordance with law – Gurudeo Exports Corporation Pvt. Ltd. Vs. Mr. Akash Singhal Liquidator of Amira Pure Foods Pvt. Ltd. – NCLAT New Delhi

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Income Tax Department of the Central Government and the Sales Tax Department(s) of the State Government and local authority, who are entitled for dues arising out of the existing law are Operational Creditor within the meaning of Section 5(20) of the IBC – M/s Seth Thakurdas Khinvraj Rathi Vs. M/s Cal Refineries Limited – NCLAT New Delhi

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