SC Stays Kerala & Allahabad HC Orders Stopping Recovery Measures By Tax Authorities, Banks Citing COVID19

The Supreme Court on Friday stayed the general orders passed by the High Courts of Allahabad and Kerala which restrained all recovery proceedings by tax authorities under State and Centre, and by Banks and other Financial Institutions until April 6. These High Courts had passed the stay orders to cut down litigation in the wake of COVID 19 pandemic. In SC, a bench comprising  Justices A M Kha…