https://www.taxtmi.com/caselaws?id=399762 Statutory tax dues payable to the Government were treated as operational debt under the Insolvency and Bankruptcy Code, 2016, and not as secured creditor dues under the Gujarat Value Added Tax Act, 2003. The claim to secured status based on section 48 of the GVAT Act was rejected because section 238 of the Insolvency and Bankruptcy Code gives the Code overriding effect over inconsistent state-law provisions. The government authority was therefore required to lodge its claim before the Resolution Professional as an operational creditor, rather than assert secured creditor priority in the insolvency process. en-us Mon, 17 Feb 2020 00:00:00 +0530 Mon, 19 Oct 2020 09:59:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399762 Statutory tax dues payable to the Government were treated as operational debt under the Insolvency and Bankruptcy Code, 2016, and not as secured creditor dues under the Gujarat Value Added Tax Act, 2003. The claim to secured status based on section 48 of the GVAT Act was rejected because section 238 of the Insolvency and Bankruptcy Code gives the Code overriding effect over inconsistent state-law provisions. The government authority was therefore required to lodge its claim before the Resolution Professional as an operational creditor, rather than assert secured creditor priority in the insolvency process. Case-Laws Insolvency and Bankruptcy Mon, 17 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399762