The counsel for the appellant submitted that the disallowance computed by the Assessing Officer (AO) is much higher than such exempt income

The order focuses the High Court’s concern over long delays in insolvency cases and stresses that once hearings are completed, decisions must be delivered quickly to protect the purpose and credibility of the Insolvency and Bankruptcy Code.

The order focuses the High Court’s concern over long delays in insolvency cases and stresses that once hearings are completed, decisions must be delivered quickly to protect the purpose and credibility of the Insolvency and Bankruptcy Code.