https://www.taxtmi.com/caselaws?id=470122 Central Sales Tax dues do not constitute secured operational debt under the applicable Tribunal precedent, so they lack secured status in insolvency distribution. In contrast, dues under the Gujarat Value Added Tax Act, 2003 are treated as secured debt where the applicable statutory regime creates a secured interest. Those secured State tax dues are distributable through the statutory waterfall under Section 53 of the Insolvency and Bankruptcy Code. The stated principle is that tax dues receive secured-debt treatment in insolvency only when the governing tax law creates a security interest. en-us Wed, 11 Mar 2026 00:00:00 +0530 Fri, 17 Jul 2026 15:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470122 Central Sales Tax dues do not constitute secured operational debt under the applicable Tribunal precedent, so they lack secured status in insolvency distribution. In contrast, dues under the Gujarat Value Added Tax Act, 2003 are treated as secured debt where the applicable statutory regime creates a secured interest. Those secured State tax dues are distributable through the statutory waterfall under Section 53 of the Insolvency and Bankruptcy Code. The stated principle is that tax dues receive secured-debt treatment in insolvency only when the governing tax law creates a security interest. Case-Laws IBC Wed, 11 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470122