No fresh income-tax claims or reassessment permissible post-approval of resolution plan; Supreme Court refuses to interfere with Gujarat HC order

Supreme Court upheld Gujarat HC’s ruling that no new income-tax claims or reassessments are allowed once a corporate resolution plan is approved under IBC. The article discusses legal principles on finality of resolution, implications for creditors and tax authorities, and procedural safeguards. It highlights alignment of tax law with insolvency framework to ensure business continuity and clarity for all stakeholders.