https://www.taxtmi.com/caselaws?id=376375 The court disposed of the writ petition concerning the priority of recovery of outstanding liabilities from M/s R. P. Basmati Rice Ltd. due to the Moratorium declared under Section 14(1) of the Insolvency and Bankruptcy Code, 2016. The National Company Law Tribunal's Moratorium affected the recovery process, leading both parties to agree that the petition had become irrelevant. Consequently, the court ordered the disposal of the petition in light of the Moratorium's implications, preventing further legal actions against the corporate debtor. en-us Mon, 25 Feb 2019 00:00:00 +0530 Fri, 21 Jun 2019 12:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376375 The court disposed of the writ petition concerning the priority of recovery of outstanding liabilities from M/s R. P. Basmati Rice Ltd. due to the Moratorium declared under Section 14(1) of the Insolvency and Bankruptcy Code, 2016. The National Company Law Tribunal's Moratorium affected the recovery process, leading both parties to agree that the petition had become irrelevant. Consequently, the court ordered the disposal of the petition in light of the Moratorium's implications, preventing further legal actions against the corporate debtor. Case-Laws Income Tax Mon, 25 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376375