https://www.taxtmi.com/caselaws?id=467802 Section 33 of the MPVAT Act was treated as pari materia with the provision considered in an earlier coordinate Bench ruling, and the Tribunal accepted that the Commercial Tax Department's statutory dues could be dealt with in the resolution plan as operational creditor dues. It found no infirmity in approving the plan and rejected the claim that the Department was entitled to be treated as a secured creditor merely on the basis of the state tax first charge provision. The ruling reaffirmed the earlier view that such statutory dues do not, by themselves, confer secured creditor status in the approved resolution plan. en-us Fri, 28 Mar 2025 00:00:00 +0530 Sat, 04 Apr 2026 08:51:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467802 Section 33 of the MPVAT Act was treated as pari materia with the provision considered in an earlier coordinate Bench ruling, and the Tribunal accepted that the Commercial Tax Department's statutory dues could be dealt with in the resolution plan as operational creditor dues. It found no infirmity in approving the plan and rejected the claim that the Department was entitled to be treated as a secured creditor merely on the basis of the state tax first charge provision. The ruling reaffirmed the earlier view that such statutory dues do not, by themselves, confer secured creditor status in the approved resolution plan. Case-Laws IBC Fri, 28 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467802