https://www.taxtmi.com/caselaws?id=445735 The Customs department's dues were clarified to fall for payment under the statutory waterfall in Section 53 of the Insolvency and Bankruptcy Code, 2016, rather than outside the insolvency distribution framework. The Court noted that limitation required consideration, but it did not undertake a detailed adjudication or remand; instead, it disposed of the appeal with the clarification that the claim must be dealt with in accordance with the insolvency waterfall mechanism. en-us Mon, 30 Oct 2023 00:00:00 +0530 Sat, 18 Nov 2023 08:39:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445735 The Customs department's dues were clarified to fall for payment under the statutory waterfall in Section 53 of the Insolvency and Bankruptcy Code, 2016, rather than outside the insolvency distribution framework. The Court noted that limitation required consideration, but it did not undertake a detailed adjudication or remand; instead, it disposed of the appeal with the clarification that the claim must be dealt with in accordance with the insolvency waterfall mechanism. Case-Laws Customs Mon, 30 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445735