Author: Ashwarya Sharma, Advocate, Co-Founder & Legal Head, RB LawCorpDate: 27/04/2026 Introduction: When Insolvency Becomes a Tool for Recovery The jurisprudence under the Insolvency and Bankruptcy Code, 2016 has consistently evolved to maintain a clear distinction between insolvency resolution and debt recovery. Yet, in practice, this boundary is often tested,…
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Doctrine of clean slate and extinguishment of claims under IBC vis-à-vis the power of the sovereign to levy taxes
Recently, the Andhra Pradesh High Court in Patanjali Foods Limited v. Assistant Commissioner ST FAC and Others (Writ Petition No: 28529/2023 and Writ Petition No: 4944/2024) pronounced a significant judgement having far reaching impact on rights of a successful resolution applicant under the Insolvency and Bankruptcy Code, 2016 (‘IBC’) vis-à-vis the power of the sovereign to…