The Corporate debtor is a statutory corporation and not Government. The dues are not payable into consolidated fund and hence cannot be treated as "Government dues" and as such they rank as secured creditor claims in liq
CS Professional · Insolvency and Bankruptcy - Law and Practice · PYQS · June 2026
The Corporate debtor is a statutory corporation and not Government. The dues are not payable into consolidated fund and hence cannot be treated as "Government dues" and as such they rank as secured creditor claims in liquidation.
Answer & Explanation:
Moser Baer Karamchari Union vs. Union of India.
Topics: Insolvency and Bankruptcy Code, 2016
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