https://www.taxtmi.com/caselaws?id=98156 Rent due to the Government does not fall within the preferential debts protected by section 530 of the Companies Act, 1956, because that provision covers only revenues, taxes, cesses and rates within the statutory period; such rent ranks merely as an ordinary debt in winding up. Section 518 cannot be used to restrain recovery proceedings initiated by a District Collector under the Madras Revenue Recovery Act, because it is confined to attachments, distress or execution issued by a court, and an administrative recovery officer is not a court. The Government's recovery action therefore remained outside the Companies Act relief. en-us Fri, 14 Aug 1964 00:00:00 +0530 Thu, 19 Jan 2012 14:40:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98156 Rent due to the Government does not fall within the preferential debts protected by section 530 of the Companies Act, 1956, because that provision covers only revenues, taxes, cesses and rates within the statutory period; such rent ranks merely as an ordinary debt in winding up. Section 518 cannot be used to restrain recovery proceedings initiated by a District Collector under the Madras Revenue Recovery Act, because it is confined to attachments, distress or execution issued by a court, and an administrative recovery officer is not a court. The Government's recovery action therefore remained outside the Companies Act relief. Case-Laws Companies Law Fri, 14 Aug 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98156