# In the matter of Mamta Binani and Anr. v. Kolkata Municipal Corporation and Ors.

> HC judgment dated 2026-02-16. Citation: TCN-2026-HC-00005. The case concerns the proposed revaluation of property and outstanding tax claimed by Kolkata…

- **Court:** HC
- **Order date:** 16 Feb 2026
- **Citation:** TCN-2026-HC-00005
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/calcutta-high-court-kolkata/mamta-binani-and-anr-v-kolkata-municipal-corporation-and-ors-dcdcdd1b

## Summary

### Background

The case concerns the proposed revaluation of property and outstanding tax claimed by Kolkata Municipal Corporation (KMC) for a period prior to the purchase of the property by the petitioners, Mamta Binani & Anr. The property is an office space located in Kolkata, purchased by the petitioners on September 26, 2019.

## Facts

The petitioners purchased an office space in Kolkata on September 26, 2019, for Rs. 2,54,63,500/-.

The Kolkata Municipal Corporation (KMC) issued a notice dated July 28, 2022, proposing revaluation of the property and claiming outstanding tax for periods prior to the purchase.

The property was part of the liquidation estate of Nicco Corporation Limited, and the petitioners purchased it through an e-auction.

The petitioners desired to mutate their names in the records and pay the tax for the property they purchased and owned since September 26, 2019.

The KMC did not lodge any claim with the liquidator regarding the property tax dues for the period prior to the liquidation sale.

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## Issues and analysis

### Issue 1: Whether the Kolkata Municipal Corporation can retrospectively revalue property and levy tax for …

**Ratio:** The Insolvency and Bankruptcy Code, 2016, has

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**Reasoning:** The court relied on the principle that the IBC has an overriding effect and that

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**Interpretation:** The court interpreted the provisions of the IBC to mean that any municipal dues

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**Application:** The court applied this principle to the present case, holding that the KMC

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## Parties

- **Judges:** Rai Chattop…
- **Appellants:** Mamta B…
- **Respondents:** Nicco Corporation…; Kolkata Municipal…
- **Advocates:** Arindam Ba…; Biswajit Mu…

## Timeline

- **2019-09-26 — Purchase…**: Petitioners purchased…
- **2022-07-28 — Notice D…**: KMC issued notice for…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 184 — Punishment for false information etc. by creditor…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-184)

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