Gujarat tax dept moves NCLT against Essar Steel RP over Rs 500 cr dues

Trashes RP's confidentiality claim in refusing to provide verbatim report on road map of resolution plan with regard to payment of its dues

The Gujarat state tax department has filed a petition against the resolution professional of Essar Steel at the Ahmedabad Bench of the National Company Law Tribunal (NCLT), seeking details of the resolution plan.

The tax department, which claims to have dues of over Rs 500 crore from Essar Steel, had requested the resolution professional for a verbatim report on provisions of the resolution plan with regard to payment of its dues. However, in spite of repeated reminders, the resolution professional did not provide any information, stating reasons of confidentiality, after which the tax department filed its petition with the NCLT on