https://www.taxtmi.com/caselaws?id=300528 The appeal by KMC was dismissed, affirming the jurisdiction of NCLT to direct the RP to take possession of the immovable property. The court upheld the primacy of IBC over the KMC Act and other statutes, confirming that statutory dues do not take precedence over secured creditors' claims. The judgment emphasized the overriding effect of IBC in insolvency proceedings, allowing the resolution process to proceed without hindrance from other statutory claims. en-us Thu, 04 Feb 2021 00:00:00 +0530 Wed, 09 Feb 2022 05:42:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300528 The appeal by KMC was dismissed, affirming the jurisdiction of NCLT to direct the RP to take possession of the immovable property. The court upheld the primacy of IBC over the KMC Act and other statutes, confirming that statutory dues do not take precedence over secured creditors' claims. The judgment emphasized the overriding effect of IBC in insolvency proceedings, allowing the resolution process to proceed without hindrance from other statutory claims. Case-Laws Insolvency and Bankruptcy Thu, 04 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300528