https://www.taxtmi.com/caselaws?id=396017 The Appellate Tribunal directed the Income-tax Department to release the refund amount to the Corporate Debtor within a specified timeframe, declined to extend the attachment order, and allowed the Appellant to assert their claim as a Secured Creditor before the Liquidator. The Tribunal clarified that Operational Creditors cannot assert security interest and emphasized the importance of submitting complete forms with necessary evidence. The decision aimed to address procedural lacunae in the claim process and ensure compliance with the ruling. en-us Fri, 13 Dec 2019 00:00:00 +0530 Thu, 18 Jun 2020 10:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396017 The Appellate Tribunal directed the Income-tax Department to release the refund amount to the Corporate Debtor within a specified timeframe, declined to extend the attachment order, and allowed the Appellant to assert their claim as a Secured Creditor before the Liquidator. The Tribunal clarified that Operational Creditors cannot assert security interest and emphasized the importance of submitting complete forms with necessary evidence. The decision aimed to address procedural lacunae in the claim process and ensure compliance with the ruling. Case-Laws Insolvency and Bankruptcy Fri, 13 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396017