https://www.taxtmi.com/caselaws?id=429327 Delay in filing the appeal was condoned because the filing fell within the Supreme Court's COVID-19 limitation extension and the appellant had sought a certified copy within the protected period. On the merits, the tribunal held that a State tax authority's assessment order and lien/attachment created during CIRP could not be sustained on the reasoning adopted below, because a fiscal statute creating a first charge by operation of law may confer secured-creditor status and its effect must be assessed in light of the Insolvency and Bankruptcy Code and the liquidation framework. The impugned order was set aside and the matter was directed to proceed in accordance with law. en-us Thu, 20 Oct 2022 00:00:00 +0530 Fri, 21 Oct 2022 21:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429327 Delay in filing the appeal was condoned because the filing fell within the Supreme Court's COVID-19 limitation extension and the appellant had sought a certified copy within the protected period. On the merits, the tribunal held that a State tax authority's assessment order and lien/attachment created during CIRP could not be sustained on the reasoning adopted below, because a fiscal statute creating a first charge by operation of law may confer secured-creditor status and its effect must be assessed in light of the Insolvency and Bankruptcy Code and the liquidation framework. The impugned order was set aside and the matter was directed to proceed in accordance with law. Case-Laws Insolvency and Bankruptcy Thu, 20 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429327