NCLT Cases: Central Board of Indirect Taxes & Customs (CBIC) releases SOP for NCLT cases to ensure timely claim-filing by Customs/GST authorities

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NCLT Cases: Central Board of Indirect Taxes & Customs (CBIC) releases SOP for NCLT cases to ensure timely claim-filing by Customs/GST authorities

 

 

The recent SOP issued by CBIC provides as under:

1. CBIC issued SOP for NCLT cases in order to curb the issue of inordinate delay in filing of claims against Corporate Debtors when CIRP is initiated, by Customs and GST Authorities (classified as Operational Creditors).

2. Highlights that, inordinate delay in filing of claims by Customs and GST authorities leads to claims not getting admitted and extinguished, leading to authorities litigating such rejection post approval of resolution plan.

3. Citing non-receipt of information regarding initiation of process as the reason for such delay in filing claims in a timely manner, apprises about proposal whereby Insolvency and Bankruptcy Board of India (IBBI) would share details of public announcement on a regular basis to an identified office/ officer or a centralized system.

4. Accordingly, requests that such office/ officer/ system in CBIC needs to be identified and intimated to IBBI for implementing the system for sharing of information. Thus, nominates ADG, DGPM as the Nodal Officer to ensure a robust mechanism of communication to field formations and vice-versa and subsequent monitoring of action taken by the field formations on such communication

 

The copy of the SOP is as under:

 

 

Attachments area

CBIC SOP
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