IBC prevails over Customs Act: Supreme Court1 min read . Updated: 30 Aug 2022, 06:40 AM IST
- The customs authority does not have the power to initiate recovery of dues by means of sale or confiscation, as provided under the Customs Act, the Supreme Court said
NEW DELHI : When there is a moratorium on recovery of dues from a bankrupt company by its creditors, customs authorities do not have the power to initiate recovery of dues under the Customs Act, according to an order by the Supreme Court.
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