Summary
- The FIR alleging non-payment of dues in NCLT liquidation proceedings against Punj Lloyd Ltd. (PLL) officials and the liquidator has been quashed.
- The complaint involved claims of non-payment to subcontractors and misuse of Goods and Services Tax (GST) input credits related to the Gas Authority of India Ltd (GAIL) pipeline project.
- The court deemed the allegations as mere breaches without sufficient grounds for the FIR.
- This ruling could set a precedent for future cases involving liquidation proceedings and related financial disputes.
Join the discussion — sign up to comment, upvote, and save articles.