INDUSTRIAL DEV.BANK OF INDIA THROUGH STRESSED ASSETS STABILISATION FUND CONSTITUTED BY THE GOVT. OF vs. SUPERINTENDENT OF CENTRAL EXCISE AND CUSTOMS
Appeal is allowed and the impugned judgment dated 26th
C.A. No.-002568-002568 - 2013Supreme Court18 Aug 2023
Bench: HON'BLE THE CHIEF JUSTICE
Section 142Section 447Section 456Section 468Section 47Section 529ASection 59(1)Section 72Section 72(2)
6) Subject to the retention of such sums as may be
necessary for the costs and expenses of the winding
up, the foregoing debts shall be discharged forthwith
so far as the assets are sufficient to meet them, and in
the case of the debts to which priority is given by
clause (d) of sub-section (1), formal proof