IBBI NCLAT Delhi Judgement Dated 16/05/2025 – State Tax Department is secured creditor under section 53 of IBC

Case of State Tax Officer vs Premmraj Ramratan Laddha, NCLAT Judgement Dated 16th May 2025. The appellate tribunnal held that State Tax Department is secured creditor under section 53 of the Insolvency and Bankruptcy Code [IBC] hence resolution plan approved without considering the same is in violation of statutory provision. 

(Link: NCLAT Delhi Judgement Dated 16/05/2025)

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