https://www.taxtmi.com/caselaws?id=127116 Where a company is in voluntary liquidation, execution and attachment proceedings instituted after commencement of winding up ordinarily interfere with pari passu distribution and should be restrained; the court applied the principle that, save for established preferential entitlements, post winding up executions are to be stayed and attachments set aside. Admitted preferential tax claims may be realised despite the stay, but disputed preferential entitlements and assessments must be adjudicated later; accordingly the petition was allowed to restrain execution and set aside attachments generally, while permitting the State's admitted preferential sales tax claim to be realised subject to specified undertakings and conditions. en-us Thu, 14 Dec 1950 00:00:00 +0530 Tue, 26 Feb 2013 15:39:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=127116 Where a company is in voluntary liquidation, execution and attachment proceedings instituted after commencement of winding up ordinarily interfere with pari passu distribution and should be restrained; the court applied the principle that, save for established preferential entitlements, post winding up executions are to be stayed and attachments set aside. Admitted preferential tax claims may be realised despite the stay, but disputed preferential entitlements and assessments must be adjudicated later; accordingly the petition was allowed to restrain execution and set aside attachments generally, while permitting the State's admitted preferential sales tax claim to be realised subject to specified undertakings and conditions. Case-Laws VAT and Sales Tax Thu, 14 Dec 1950 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=127116