https://www.taxtmi.com/caselaws?id=468532 Tax dues asserted as a first charge were treated as not defeated merely because the claim was lodged after the liquidation claim period, but the appellate forum held that the practical consequences of recovering amounts already distributed to multiple stakeholders after completion of liquidation had not been properly addressed. It noted substantial operational difficulty in clawing back distributed proceeds and required reconsideration in light of the earlier Delhi High Court view referred to in the order. The impugned order was set aside and the matter remanded for fresh decision. en-us Thu, 11 Jan 2024 00:00:00 +0530 Tue, 12 May 2026 11:29:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468532 Tax dues asserted as a first charge were treated as not defeated merely because the claim was lodged after the liquidation claim period, but the appellate forum held that the practical consequences of recovering amounts already distributed to multiple stakeholders after completion of liquidation had not been properly addressed. It noted substantial operational difficulty in clawing back distributed proceeds and required reconsideration in light of the earlier Delhi High Court view referred to in the order. The impugned order was set aside and the matter remanded for fresh decision. Case-Laws IBC Thu, 11 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468532