The case involves a dispute over the attachment of property by the State Goods and Services Tax (SGST) department after the petitioner, KRBL Limited, purchased the property in an auction during the liquidation of M/s. Gran Electronics Private Limited (GEPL). GEPL faced insolvency proceedings initiated by Universal Digital Connect Limited, leading to liquidation. The petitioner purchased the land through a registered sale deed dated 17.12.2021. The SGST department later claimed outstanding dues from GEPL and attached the property, leading to the petitioner filing a petition under Article 226 of the Constitution of India seeking a writ of mandamus to remove the attachment and certify the entry in the revenue records.
M/s. Gran Electronics Private Limited (GEPL) faced financial difficulties and closed its operations from February 2019. Universal Digital Connect Limited initiated insolvency proceedings against GEPL under Section 7 of the IBC. The National Company Law Tribunal (NCLT), Mumbai, admitted the petition on 17.01.2020 and imposed a moratorium under Section 14 of the Code. An Interim Resolution Professional (IRP) was appointed, who issued a public advertisement on 25.01.2020 inviting claims. The Sales Tax Department submitted a claim of Rs.77,08,69,644/-, which was rejected by the Resolution Professional. On 12.02.2021, the NCLT ordered the liquidation of GEPL and appointed a liquidator. The liquidator issued a public announcement on 19.02.2021, calling for stakeholders to
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M/s. Gran Electronics Private Limited (GEPL)…
The National Company Law Tribunal (NCLT),…
The case involves a dispute over the attachment of property by the State Goods and Services Tax (SGST) department after the petitioner, KRBL Limited, purchased the property in an auction during the liquidation of M/s. Gran Electronics Private Limited (GEPL). GEPL faced insolvency proceedings initiated by Universal Digital Connect Limited, leading to liquidation. The petitioner purchased the land through a registered sale deed dated 17.12.2021. The SGST department later claimed outstanding dues from GEPL and attached the property, leading to the petitioner filing a petition under Article 226 of the Constitution of India seeking a writ of mandamus to remove the attachment and certify the entry in the revenue records.
M/s. Gran Electronics Private Limited (GEPL) faced financial difficulties and closed its operations from February 2019. Universal Digital Connect Limited initiated insolvency proceedings against GEPL under Section 7 of the IBC. The National Company Law Tribunal (NCLT), Mumbai, admitted the petition on 17.01.2020 and imposed a moratorium under Section 14 of the Code. An Interim Resolution Professional (IRP) was appointed, who issued a public advertisement on 25.01.2020 inviting claims. The Sales Tax Department submitted a claim of Rs.77,08,69,644/-, which was rejected by the Resolution Professional. On 12.02.2021, the NCLT ordered the liquidation of GEPL and appointed a liquidator. The liquidator issued a public announcement on 19.02.2021, calling for stakeholders to
…M/s. Gran Electronics Private Limited (GEPL)…
The National Company Law Tribunal (NCLT),…