https://www.taxtmi.com/highlights?id=92958 NCLAT allowed the appeal and modified the adjudicating authority's order dated 19.07.2024, holding that the appellant is a secured creditor of the corporate debtor by virtue of a statutory charge over the debtor's assets. The Tribunal, relying on Supreme Court precedent interpreting analogous statutory charge provisions, treated the appellant's dues as secured government/statutory dues rather than unsecured operational claims and distinguished liabilities payable to statutory corporations from ordinary government dues. The appellant's prayer to be declared a secured creditor was granted and the impugned order set aside to that extent, with the appeal disposed accordingly. en-us Tue, 30 Sep 2025 09:51:29 +0530 Tue, 30 Sep 2025 09:51:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=92958 NCLAT allowed the appeal and modified the adjudicating authority's order dated 19.07.2024, holding that the appellant is a secured creditor of the corporate debtor by virtue of a statutory charge over the debtor's assets. The Tribunal, relying on Supreme Court precedent interpreting analogous statutory charge provisions, treated the appellant's dues as secured government/statutory dues rather than unsecured operational claims and distinguished liabilities payable to statutory corporations from ordinary government dues. The appellant's prayer to be declared a secured creditor was granted and the impugned order set aside to that extent, with the appeal disposed accordingly. Highlights IBC Tue, 30 Sep 2025 09:51:29 +0530 https://www.taxtmi.com/highlights?id=92958