https://www.taxtmi.com/caselaws?id=350843 The High Court allowed the writ petition, quashing the demand notice raised by the Excise Department for Central Excise dues from a company whose assets were auctioned by a secured creditor. The court emphasized the distinction between companies and cited a Supreme Court decision stating that a purchaser of assets through auction by a secured creditor is not liable for Central Excise dues. The interpretation of a proviso under the Central Excise Act clarified that it does not apply in cases of enforcement by secured creditors. The petitioner, as the purchaser, was held not liable for the dues, and no costs were awarded. en-us Wed, 10 May 2017 00:00:00 +0530 Tue, 14 Nov 2017 04:40:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350843 The High Court allowed the writ petition, quashing the demand notice raised by the Excise Department for Central Excise dues from a company whose assets were auctioned by a secured creditor. The court emphasized the distinction between companies and cited a Supreme Court decision stating that a purchaser of assets through auction by a secured creditor is not liable for Central Excise dues. The interpretation of a proviso under the Central Excise Act clarified that it does not apply in cases of enforcement by secured creditors. The petitioner, as the purchaser, was held not liable for the dues, and no costs were awarded. Case-Laws Central Excise Wed, 10 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350843