Whether section 48 of the GVAT Act, 2003 override section 53 of the IBC?.pdf

Legal Pay20 Oct, 2022Legal

Did you know that government secured debt can also be at the same level of priority as workman?s dues in the waterfall mechanism under the IBC? The recent Supreme court ruling in judgment State Tax Officer (1) Vs Rainbow Papers Limited sheds light on this unexplored area of IBC jurisprudence.