Supreme Court of India
Al Champdany Industries Limited v. The Official Liquidator & Anr.
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
2 Supreme Court benches have cited this judgment.
From the headnote
Companies Act, 1956 - ss. 529, 529A and 530 - Sale of assets of company in liquidation - Claim of arrears of property . tax by Municipality from purchaser for period prior to date of purchase - High Court holding that tax payable to Municipality was encumbrance and it could not avoid payment for not making enquiry - Held: Not sustainable - Municipality was unsecured creditor and not preferential creditor - Dues in relation to municipal tax does not create any encumbrance or charge on property - It is considered to be a personal liability - Fact that company went in liquidation was given due
Where later benches applied it
- 2023 Official Liquidator v. Ujjain Nagar Palika Nigam & Ors
- 2023 K. C. Ninan v. Kerala State Electricity Board & Ors.
Of those, 1 relied on · 1 referred to
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