The Income Tax (I-T) Department is an “aggrieved creditor” to many de-registered shell companies and will petition the National Company Law Tribunal (NCLT) to recover tax dues of crores of rupees. The CBDT, the policy-making body for the department, is concerned over crores of rupees of its “legitimate” taxes being stuck, after these shell firms were de-registered by the government in the recent past as part of its drive against black money and fraud business operations.

(Economic Times)