https://www.taxtmi.com/caselaws?id=423875 The Tribunal dismissed the application challenging the demand notice issued by PSIEC, holding it valid as the enhanced land compensation was not a statutory due under Section 31 of the IBC. However, the Tribunal allowed the application to set aside the attachment and detention orders by the Commissionerate of Central Excise, applying Section 32A of the IBC, extinguishing any claims against the applicant and directing the release of the detained goods. en-us Fri, 03 Jun 2022 00:00:00 +0530 Fri, 17 Jun 2022 09:35:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423875 The Tribunal dismissed the application challenging the demand notice issued by PSIEC, holding it valid as the enhanced land compensation was not a statutory due under Section 31 of the IBC. However, the Tribunal allowed the application to set aside the attachment and detention orders by the Commissionerate of Central Excise, applying Section 32A of the IBC, extinguishing any claims against the applicant and directing the release of the detained goods. Case-Laws Insolvency and Bankruptcy Fri, 03 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423875