https://www.taxtmi.com/caselaws?id=789154 Excise remains a State subject, and renewal of an excise licence is governed by the Telangana Excise Act, 1968 and the Telangana Distillery (Manufacture of Spirits) Rules, 2006. Those provisions require compliance with prescribed conditions, including payment of the renewal fee, and do not create an automatic right to renewal or fee exemption. An insolvency tribunal under the IBC cannot compel renewal of a State excise licence or override the State's statutory scheme in a reserved subject. The direction to renew the licence without insisting on the fee was therefore beyond jurisdiction and could not be sustained. en-us Mon, 02 Mar 2026 00:00:00 +0530 Sat, 04 Apr 2026 08:53:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789154 Excise remains a State subject, and renewal of an excise licence is governed by the Telangana Excise Act, 1968 and the Telangana Distillery (Manufacture of Spirits) Rules, 2006. Those provisions require compliance with prescribed conditions, including payment of the renewal fee, and do not create an automatic right to renewal or fee exemption. An insolvency tribunal under the IBC cannot compel renewal of a State excise licence or override the State's statutory scheme in a reserved subject. The direction to renew the licence without insisting on the fee was therefore beyond jurisdiction and could not be sustained. Case-Laws IBC Mon, 02 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789154