https://www.taxtmi.com/caselaws?id=443671 Government dues not admitted in the insolvency or liquidation claim framework cannot survive liquidation sale and cannot be enforced against a bona fide purchaser from the liquidator. Applying Sections 52 and 53 of the Insolvency and Bankruptcy Code, together with the clean slate principle and the Code's overriding effect, the Court held that the State's asserted tax charge ranked within the statutory waterfall and could not override the sale. The revenue authorities also could not insist on that charge as a condition for mutation, where the sale deed excluded prior governmental dues. The purchaser was therefore entitled to certification of the revenue entry and deletion of the consequential charge. en-us Fri, 22 Sep 2023 00:00:00 +0530 Mon, 06 Jul 2026 18:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443671 Government dues not admitted in the insolvency or liquidation claim framework cannot survive liquidation sale and cannot be enforced against a bona fide purchaser from the liquidator. Applying Sections 52 and 53 of the Insolvency and Bankruptcy Code, together with the clean slate principle and the Code's overriding effect, the Court held that the State's asserted tax charge ranked within the statutory waterfall and could not override the sale. The revenue authorities also could not insist on that charge as a condition for mutation, where the sale deed excluded prior governmental dues. The purchaser was therefore entitled to certification of the revenue entry and deletion of the consequential charge. Case-Laws IBC Fri, 22 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443671