Court Approves Removal of Goods from Customs Warehouse Without Duties Under IBC 2016, Section 53 & 238A.

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....Liquidation of the Corporate Debtor - Waterfall Mechanism of section 53 - seeking to remove goods lying in Customs Bonded Warehouse without any condition, demur and/or payment of Customs Duty - section 238A read with section 53 of the Insolvency and Bankruptcy Code, 2016 - Permission granted.....