M/S JSW STEEL LIMITED vs PRATISHTHA THAKUR HARITWAL

Bench: 2 — B.R. Gavai, Augustine George Masih

In Brief

JSW Steel (formerly JSW Ispat Special Products) acquired a debt-ridden company through a court-approved insolvency resolution plan. State tax authorities later issued demand notices for taxes relating to the pre-acquisition period, claiming Rs. 4.36 crore. JSW Steel challenged this as contempt, citing a landmark Supreme Court judgment establishing that all claims excluded from an approved Resolution Plan are extinguished and bind even government bodies. The Court upheld this principle, holding the tax demands contemptuous. While finding contempt, the Court imposed no penalty due to the novel nature of the issue and the authorities' apology, instead quashing all demand notices and proceedings.

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Insolvency and Bankruptcy Contempt of Court Resolution Plan Tax Law Corporate Insolvency Statutory Dues Government Authorities Judgment Enforcement

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