The Punjab and Haryana High Court has quashed GST demands totalling approximately ₹1.62 crore against the assessee and another petitioner for financial years preceding the initiation of the Corporate Insolvency Resolution Process (CIRP).
The bench of Acting Chief Justice Ashwani Kumar Mishra and Justice Rajesh Gaur applied the Supreme Court’s ruling in Ghanashyam Mishra and Sons Pvt. Ltd. v. Edelweiss Asset Reconstruction Company Ltd.
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The bench left undisturbed a separate demand pertaining to financial year 2023–24, which related to a period after the conclusion of the CIRP proceedings and was not otherwise challenged by the petitioners.
The writ petition was filed…