Company in liquidation

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....idator) shall, within thirty days after he has become such liquidator, give notice of his appointment as such to the 1[Assessing] Officer who is entitled to assess the income of the company. (2) The 2[Assessing] Officer shall, after making such inquiries or calling for such information as he may deem fit, notify to the liquidator within three months from the date on which he receives notice of th....

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.... shall debar the liquidator from parting with such assets or properties for the purpose of the payment of the tax payable by the company or for making any payment to secured creditors whose debts are entitled under law to priority of payment over debts due to Government on the date of liquidation or for meeting such costs and expenses of the winding up of the company as are in the opinion of the 7....

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....ator under this section shall attach to all the liquidators jointly and severally. (6) The provisions of this section shall have effect notwithstanding anything to the contrary contained in any other law for the time being in force 9[except the provisions of the Insolvency and Bankruptcy Code, 2016 (31 of 2016)].     **************** NOTES:- 1. Substituted vide Section 2....

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....es in his hands except for the purpose aforesaid or for making any payment to secured creditors whose debts are entitled under law to priority of payment over debts due to Government on the date of liquidation. (4) The liquidator shall, if he has not set aside the amount notified under sub-section (2), be personally liable to the extent of that amount for the payment of the tax on behalf of the ....