NCLT Indore allows Income Tax Department's appeal to restore Gurukripa Essence Real Estate Pvt Ltd for pending tax proceedings.
Restoration is limited to enabling completion of reassessment for AY 2015-16 and 2016-17 with demands of ₹2.65 crore each.
The tribunal finds the Income Tax Department is an aggrieved creditor with locus standi under CBDT circular directives.
Former directors contested liability citing resignation in 2014, but restoration order does not determine personal liability.