Skip to Main Content

Matthew Hicks Comments: Essar Judge Sidelines Fight Over IRS' $9M Debt Hunt

July 27, 2017, Law360

Facing a potentially needless fight over bankruptcy court power to block the IRS' pursuit of an Essar Steel executive for a $9 million company tax debt, a Delaware judge steered the dispute into a brief limbo Wednesday, indicating that time could resolve the issue.

“I don’t mean to be mean to anybody, but isn’t this kind of a dumb fight?” Judge Shannon asked Vuppuluri’s attorney, Matthew C. Hicks of Caplin & Drysdale. “I’m not minimizing the significance of this to your client, but if we have a debtor jumping up and down saying 'this is a liability we will quickly pay … '”

Hicks said he was obligated to seek relief after the IRS made it clear it was investigating Vuppuluri and had concluded that he was potentially liable for a penalty equal to Essar’s unpaid taxes. Essar is financing Vuppuluri’s legal representation and supporting his position, while also warning that the dispute is diminishing resources that could go to creditors.

To view the full article, please visit Law360’s website (subscription required).

Excerpt taken from the article “Essar Judge Sidelines Fight Over IRS' $9M Debt Hunt” by Jeff Montgomery for Law360.


About Caplin & Drysdale
Having celebrated our 50th Anniversary in 2014, Caplin & Drysdale continues to be a leading provider of legal services to corporations, individuals, and nonprofits throughout the United States and around the world. We are also privileged to serve as legal advisors to accounting firms, financial institutions, law firms, and other professional services organizations.

The firm's reputation over the years has earned us the trust and respect of clients, industry peers, and government agencies. Moreover, clients rely on our broad knowledge of the law and our keen insights into their business concerns and personal interests. Our lawyers' strong tactical and problem-solving skills -- combined with substantial experience handling a variety of complex, high stakes, matters in a boutique environment -- make us one the nation's most distinctive law firms.

With offices in New York City and Washington, D.C., Caplin & Drysdale's core practice areas include:
For more information, please visit us at
Washington, DC Office:
One Thomas Circle NW
Suite 1100
Washington, DC 20005
New York, NY Office:
600 Lexington Avenue
21st Floor
New York, NY 10022


This communication does not provide legal advice, nor does it create an attorney-client relationship with you or any other reader. If you require legal guidance in any specific situation, you should engage a qualified lawyer for that purpose. Prior results do not guarantee a similar outcome.

Attorney Advertising
It is possible that under the laws, rules, or regulations of certain jurisdictions, this may be construed as an advertisement or solicitation.
©2020 Caplin & Drysdale, Chartered
All Rights Reserved.

Related Practice Area(s)