TMI BlogSales Tax Department's asset attachment during CIRP doesn't transfer ownership; assets remain with Corporate Debtor for liquidation.CIRP - attachment on the assets of the property by the sales tax department - even when there is attachment of the assets, Sales Tax Department cannot be the owner of the assets and the asset continued to be owned by the Corporate Debtor and will be part of the Liquidation Estate. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
|