Orders Issued U/S 73 Of CGST Act Must Carry Digital Or Physical Signature Of Officer In Order To Be Treated As Valid: Kerala High Court

The Allahabad High Court ruled that assessment proceedings pending before the approval of a resolution plan in insolvency cannot be quantified. This case involved a dispute regarding the quantification of dues during the resolution process under the Insolvency and Bankruptcy Code (IBC). The court clarified that any assessment pending before the resolution plan’s approval could not be finalized until the plan was in place. The ruling emphasizes the importance of the resolution plan in determining liabilities and the priority of claims during the insolvency process. This decision underscores the need for a structured approach to assessing and settling debts during insolvency proceedings.