The Principal Commissioner of Customs, Visakhapatnam, filed an application seeking condonation of a 912-day delay in submitting a claim to the Liquidator of Handum Industries Ltd., the Corporate Debtor. The claim pertains to customs duty owed by the Corporate Debtor.
The Principal Commissioner of Customs sought condonation of a 912-day delay in submitting a claim to the Liquidator of Handum Industries Ltd.
Handum Industries Ltd. was admitted into CIRP on 04.03.2020 and subsequently ordered into liquidation on 11.06.2021.
The Applicant's claim relates to customs duty owed by Handum Industries Ltd. for allegedly diverting imported goods to the Domestic Tariff Area (DTA) without paying applicable duties.
The Applicant became aware of the CIRP and liquidation proceedings only after perusing the CESTAT's final order dated 14.03.2024.
The Liquidator made a public announcement inviting claims on 01.07.2021, with a deadline of 31.07.2021 for submission of claims.
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Applicant issued a Show Cause Notice to the…
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The Principal Commissioner of Customs, Visakhapatnam, filed an application seeking condonation of a 912-day delay in submitting a claim to the Liquidator of Handum Industries Ltd., the Corporate Debtor. The claim pertains to customs duty owed by the Corporate Debtor.
The Principal Commissioner of Customs sought condonation of a 912-day delay in submitting a claim to the Liquidator of Handum Industries Ltd.
Handum Industries Ltd. was admitted into CIRP on 04.03.2020 and subsequently ordered into liquidation on 11.06.2021.
The Applicant's claim relates to customs duty owed by Handum Industries Ltd. for allegedly diverting imported goods to the Domestic Tariff Area (DTA) without paying applicable duties.
The Applicant became aware of the CIRP and liquidation proceedings only after perusing the CESTAT's final order dated 14.03.2024.
The Liquidator made a public announcement inviting claims on 01.07.2021, with a deadline of 31.07.2021 for submission of claims.
…Applicant issued a Show Cause Notice to the…
Adjudicating Authority…