Priority of section 54C applications: pending 54C claims must be decided before later-filed insolvency petitions. Section 11A creates a temporal priority rule: a pending section 54C application must be admitted or rejected before considering section 7, 9 or 10 applications for the same corporate debtor; if section 54C is filed within fourteen days of an existing section 7, 9 or 10 filing it is to be disposed of first; if filed after fourteen days the earlier section 7, 9 or 10 application is to be disposed of first; these provisions do not apply to section 7, 9 or 10 applications pending on commencement of the amendment.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Priority of section 54C applications: pending 54C claims must be decided before later-filed insolvency petitions.
Section 11A creates a temporal priority rule: a pending section 54C application must be admitted or rejected before considering section 7, 9 or 10 applications for the same corporate debtor; if section 54C is filed within fourteen days of an existing section 7, 9 or 10 filing it is to be disposed of first; if filed after fourteen days the earlier section 7, 9 or 10 application is to be disposed of first; these provisions do not apply to section 7, 9 or 10 applications pending on commencement of the amendment.
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