Dispute Regarding GST Dues is not a Bar to Proceedings S. 9 IBC: NCLAT

The National Company Law Appellate Tribunal (NCLAT) ruled that a dispute regarding GST dues does not prevent proceedings under Section 9 of the Insolvency and Bankruptcy Code (IBC). The tribunal clarified that while tax disputes may be ongoing, they do not hinder the initiation of insolvency proceedings, ensuring that corporate restructuring can proceed without undue delays. This ruling reinforces the primacy of the IBC in resolving financial distress and protects the interests of creditors.