https://www.taxtmi.com/caselaws?id=111013 Municipal property tax dues accruing before a company's property is sold by an Official Liquidator in winding up cannot be enforced against the auction purchaser by attachment. The purchaser acquires title and possession through the liquidation process, but pre-sale liabilities remain claims against the company in liquidation and must be lodged with the Official Liquidator for distribution under the Companies Act's priority scheme. A municipal authority is not entitled to bypass liquidation or recover such past dues directly from the purchaser. Pre-purchase arrears therefore do not travel with the property, and only post-purchase tax liabilities can fall on the buyer. en-us Fri, 16 Sep 2005 00:00:00 +0530 Thu, 19 Apr 2012 16:58:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111013 Municipal property tax dues accruing before a company's property is sold by an Official Liquidator in winding up cannot be enforced against the auction purchaser by attachment. The purchaser acquires title and possession through the liquidation process, but pre-sale liabilities remain claims against the company in liquidation and must be lodged with the Official Liquidator for distribution under the Companies Act's priority scheme. A municipal authority is not entitled to bypass liquidation or recover such past dues directly from the purchaser. Pre-purchase arrears therefore do not travel with the property, and only post-purchase tax liabilities can fall on the buyer. Case-Laws Companies Law Fri, 16 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111013