https://www.taxtmi.com/caselaws?id=394442 Moratorium under the Insolvency and Bankruptcy Code does not extend to imported cargo that is not part of the corporate debtor's assets. The record showed that the consignee and owner of the goods was the importer, while the corporate debtor acted only as a customs house agent for clearance; the invoices, bills of lading, delivery orders and bills of entry supported that position. On that basis, the customs warehouse or custodian could retain the consignment under its asserted statutory and contractual lien until dues were paid, and the request to compel release of the cargo was rejected as not maintainable. en-us Sat, 15 Feb 2020 00:00:00 +0530 Mon, 13 Apr 2020 13:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394442 Moratorium under the Insolvency and Bankruptcy Code does not extend to imported cargo that is not part of the corporate debtor's assets. The record showed that the consignee and owner of the goods was the importer, while the corporate debtor acted only as a customs house agent for clearance; the invoices, bills of lading, delivery orders and bills of entry supported that position. On that basis, the customs warehouse or custodian could retain the consignment under its asserted statutory and contractual lien until dues were paid, and the request to compel release of the cargo was rejected as not maintainable. Case-Laws Insolvency and Bankruptcy Sat, 15 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394442