https://www.taxtmi.com/caselaws?id=775792 The HC held that under Section 238 of the IBC, 2016, insolvency provisions override the Income-Tax Act, and income tax dues, despite being Crown debts, do not have priority over secured creditors. The court adjourned the appeals sine die, allowing parties to seek further directions after the NCLT either approves a resolution plan or orders winding up of the company. The HC will then decide if the appeals can proceed. en-us Wed, 23 Jul 2025 00:00:00 +0530 Thu, 31 Jul 2025 08:17:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775792 The HC held that under Section 238 of the IBC, 2016, insolvency provisions override the Income-Tax Act, and income tax dues, despite being Crown debts, do not have priority over secured creditors. The court adjourned the appeals sine die, allowing parties to seek further directions after the NCLT either approves a resolution plan or orders winding up of the company. The HC will then decide if the appeals can proceed. Case-Laws Income Tax Wed, 23 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775792