https://www.taxtmi.com/caselaws?id=358163 The Tribunal dismissed the application, ruling that the Applicant could not obtain delivery of goods from the Respondent's warehouse without complying with the Customs Act and other laws. The Tribunal upheld the Respondent's lien and bailment rights, emphasizing that the IBC did not grant authority to override these rights or customs regulations. The decision highlighted the importance of harmonizing laws and respecting rights under different enactments, concluding that the Corporate Debtor could not circumvent customs regulations through the IBC. en-us Wed, 07 Feb 2018 00:00:00 +0530 Fri, 06 Apr 2018 07:48:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358163 The Tribunal dismissed the application, ruling that the Applicant could not obtain delivery of goods from the Respondent's warehouse without complying with the Customs Act and other laws. The Tribunal upheld the Respondent's lien and bailment rights, emphasizing that the IBC did not grant authority to override these rights or customs regulations. The decision highlighted the importance of harmonizing laws and respecting rights under different enactments, concluding that the Corporate Debtor could not circumvent customs regulations through the IBC. Case-Laws Insolvency and Bankruptcy Wed, 07 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358163