https://www.taxtmi.com/caselaws?id=396360 Government dues payable under law were treated as operational debt, and a State Tax Officer was not regarded as a secured creditor merely because the dues arose under statute. Applying the settled distinction between operational creditors and financial creditors, the Tribunal found that restoring the earlier applications would serve no useful purpose because the underlying claim to secured-creditor status lacked merit. The applicant's request for restoration was therefore not allowed in substance, and the asserted secured-creditor claim was rejected. en-us Tue, 04 Feb 2020 00:00:00 +0530 Thu, 02 Jul 2020 08:09:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396360 Government dues payable under law were treated as operational debt, and a State Tax Officer was not regarded as a secured creditor merely because the dues arose under statute. Applying the settled distinction between operational creditors and financial creditors, the Tribunal found that restoring the earlier applications would serve no useful purpose because the underlying claim to secured-creditor status lacked merit. The applicant's request for restoration was therefore not allowed in substance, and the asserted secured-creditor claim was rejected. Case-Laws Insolvency and Bankruptcy Tue, 04 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396360