The Liquidator of the Corporate Debtor filed an application seeking removal of attachments on the Corporate Debtor's immovable properties by the GST & Central Excise authorities to facilitate the liquidation process, arguing that the tax liabilities are operational debts and IBC provisions override other enactments.
The Corporate Debtor, M/s. Padmaadevi Sugars Limited, was ordered for liquidation by the Adjudicating Authority on April 20, 2021, and Mr. C. Ramasubramaniam was appointed as the Liquidator. The Liquidator subsequently informed statutory authorities, including the respondents, about the initiation of the liquidation process and requested them to submit their claims in Form G. However, the 1st and 2nd Respondents did not submit any claims.
…The 1st Respondent requested the 4th…
Immovable properties of…
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The Liquidator of the Corporate Debtor filed an application seeking removal of attachments on the Corporate Debtor's immovable properties by the GST & Central Excise authorities to facilitate the liquidation process, arguing that the tax liabilities are operational debts and IBC provisions override other enactments.
The Corporate Debtor, M/s. Padmaadevi Sugars Limited, was ordered for liquidation by the Adjudicating Authority on April 20, 2021, and Mr. C. Ramasubramaniam was appointed as the Liquidator. The Liquidator subsequently informed statutory authorities, including the respondents, about the initiation of the liquidation process and requested them to submit their claims in Form G. However, the 1st and 2nd Respondents did not submit any claims.
…The 1st Respondent requested the 4th…
Immovable properties of…
Sign in to view related legal provisions.