https://www.taxtmi.com/caselaws?id=427372 A statutory first charge under the Gujarat Value Added Tax law creates a security interest in favour of the State, bringing it within the IBC definition of secured creditor. A claim for statutory dues is not rejected solely because it was filed after the public announcement deadline where the dues are otherwise identifiable in the debtor's records and recovery material. A resolution plan must comply with section 30(2) of the IBC before approval under section 31(1), and a plan that omits statutory dues payable to the State cannot be approved or treated as binding. en-us Tue, 06 Sep 2022 00:00:00 +0530 Sat, 13 Jun 2026 13:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427372 A statutory first charge under the Gujarat Value Added Tax law creates a security interest in favour of the State, bringing it within the IBC definition of secured creditor. A claim for statutory dues is not rejected solely because it was filed after the public announcement deadline where the dues are otherwise identifiable in the debtor's records and recovery material. A resolution plan must comply with section 30(2) of the IBC before approval under section 31(1), and a plan that omits statutory dues payable to the State cannot be approved or treated as binding. Case-Laws VAT / Sales Tax Tue, 06 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427372