{"id":218437,"date":"2019-08-20T21:17:13","date_gmt":"2019-08-20T15:47:13","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=218437"},"modified":"2019-08-29T16:29:18","modified_gmt":"2019-08-29T10:59:18","slug":"merely-because-the-period-fixed-for-liquidation-is-over-the-proceedings-for-recovery-of-dues-do-not-stand-closed-sc","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2019\/08\/20\/merely-because-the-period-fixed-for-liquidation-is-over-the-proceedings-for-recovery-of-dues-do-not-stand-closed-sc\/","title":{"rendered":"Merely because the period fixed for liquidation is over, the proceedings for recovery of dues do not stand closed: SC"},"content":{"rendered":"

Supreme Court<\/strong>: When the 3-judge bench of Arun Mishra, SA Nazeer and MR Shah, JJ was called upon to decide whether under the provisions of Section 109 of the Maharashtra Co\u00adoperative Societies Act, 1960 on expiry of the period fixed for liquidation, the proceedings for recovery of dues instituted\/pending as against the members, shall stand closed, it said,<\/p>\n

\n

\u201cthe members who have obtained stay in appeal or on recovery proceedings or the case is pending, cannot take advantage of the fact that the period fixed for Liquidator under the Act is over.\u201d<\/p>\n<\/blockquote>\n

The Court further explained that once a report has been submitted, the Registrar has to take action in terms of the report and in such circumstances when the proceedings for recovery are pending against the members and the Society has taken loan from the banks for its member, the actual money has to go to the creditor i.e., to the bank who is going to be benefitted by recovery of public money in the hands of members. In such cases it would be appropriate for the Registrar to send notice of the proceedings to a person who is to be benefitted from the recovery. It said that merely on the liquidation of Society, or the factum that the period fixed for liquidation is over, liability of the members for the loans cannot be said to have been wiped off. The disbursement of loan in an arbitrary manner and failure to recover was the very fulcrum on the basis of which winding up of the Society was ordered<\/em><\/span>.<\/p>\n

It also said,<\/p>\n

\n

\u201cThe concept of restitution is a common law principle and it is a remedy against unjust enrichment or unjust benefit. The court cannot be used as a tool by a litigant to perpetuate illegality. A person who is on the right side of the law, should not have a feeling that in case he is dragged in litigation, and wins, he would turn out to be a loser and wrong\u00addoer as a real gainer, after 20 or 30 years.\u201d<\/p>\n<\/blockquote>\n

The Court concluded by saying that though the Liquidator cannot continue once the proceedings are over. Notice in such cases should be issued by the Registrar to the creditors and to persons for whose benefit recovery is to be made, to continue the pending proceedings in the instrumentality of court\/tribunals\/recovery officers etc.<\/p>\n

[Goa State Cooperative Bank v. Krishna Nath A., 2019 SCC OnLine SC 1058<\/b><\/a>, decided on 20.08.2019]<\/p>\n","protected":false},"excerpt":{"rendered":"

Supreme Court: When the 3-judge bench of Arun Mishra, SA Nazeer and MR Shah, JJ was called upon to decide whether under <\/p>\n","protected":false},"author":121,"featured_media":154914,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,9],"tags":[29690,37175,37174,34244],"class_list":["post-218437","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casebriefs","category-supremecourt","tag-liquidation","tag-maharashtra-cooperative-societies-act","tag-recovery-of-dues","tag-restitution"],"yoast_head":"\nMerely because the period fixed for liquidation is over, the proceedings for recovery of dues do not stand closed: SC | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2019\/08\/20\/merely-because-the-period-fixed-for-liquidation-is-over-the-proceedings-for-recovery-of-dues-do-not-stand-closed-sc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Merely because the period fixed for liquidation is over, the proceedings for recovery of dues do not stand closed: SC\" \/>\n<meta property=\"og:description\" content=\"Supreme Court: When the 3-judge bench of Arun Mishra, SA Nazeer and MR Shah, JJ was called upon to decide whether under\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.scconline.com\/blog\/post\/2019\/08\/20\/merely-because-the-period-fixed-for-liquidation-is-over-the-proceedings-for-recovery-of-dues-do-not-stand-closed-sc\/\" \/>\n<meta property=\"og:site_name\" content=\"SCC Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/scc.online\/\" \/>\n<meta property=\"article:published_time\" content=\"2019-08-20T15:47:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-08-29T10:59:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1330\" \/>\n\t<meta property=\"og:image:height\" content=\"887\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Prachi Bhardwaj\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Prachi Bhardwaj\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2019\/08\/20\/merely-because-the-period-fixed-for-liquidation-is-over-the-proceedings-for-recovery-of-dues-do-not-stand-closed-sc\/\",\"url\":\"https:\/\/www.scconline.com\/blog\/post\/2019\/08\/20\/merely-because-the-period-fixed-for-liquidation-is-over-the-proceedings-for-recovery-of-dues-do-not-stand-closed-sc\/\",\"name\":\"Merely because the period fixed for liquidation is over, the proceedings for recovery of dues do not stand closed: SC | SCC Times\",\"isPartOf\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2019\/08\/20\/merely-because-the-period-fixed-for-liquidation-is-over-the-proceedings-for-recovery-of-dues-do-not-stand-closed-sc\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2019\/08\/20\/merely-because-the-period-fixed-for-liquidation-is-over-the-proceedings-for-recovery-of-dues-do-not-stand-closed-sc\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg\",\"datePublished\":\"2019-08-20T15:47:13+00:00\",\"dateModified\":\"2019-08-29T10:59:18+00:00\",\"author\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/de579aff4bc6dd24b68d6d472ac92942\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2019\/08\/20\/merely-because-the-period-fixed-for-liquidation-is-over-the-proceedings-for-recovery-of-dues-do-not-stand-closed-sc\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.scconline.com\/blog\/post\/2019\/08\/20\/merely-because-the-period-fixed-for-liquidation-is-over-the-proceedings-for-recovery-of-dues-do-not-stand-closed-sc\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2019\/08\/20\/merely-because-the-period-fixed-for-liquidation-is-over-the-proceedings-for-recovery-of-dues-do-not-stand-closed-sc\/#primaryimage\",\"url\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg\",\"contentUrl\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg\",\"width\":1330,\"height\":887},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2019\/08\/20\/merely-because-the-period-fixed-for-liquidation-is-over-the-proceedings-for-recovery-of-dues-do-not-stand-closed-sc\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.scconline.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Merely because the period fixed for liquidation is over, the proceedings for recovery of dues do not stand closed: SC\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#website\",\"url\":\"https:\/\/www.scconline.com\/blog\/\",\"name\":\"SCC Times\",\"description\":\"Bringing you the Best Analytical Legal News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.scconline.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/de579aff4bc6dd24b68d6d472ac92942\",\"name\":\"Prachi Bhardwaj\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/Prachi-Image2-150x150.png\",\"contentUrl\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/Prachi-Image2-150x150.png\",\"caption\":\"Prachi Bhardwaj\"},\"description\":\"Senior Associate Editor\",\"url\":\"https:\/\/www.scconline.com\/blog\/post\/author\/editor_3\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Merely because the period fixed for liquidation is over, the proceedings for recovery of dues do not stand closed: SC | SCC Times","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.scconline.com\/blog\/post\/2019\/08\/20\/merely-because-the-period-fixed-for-liquidation-is-over-the-proceedings-for-recovery-of-dues-do-not-stand-closed-sc\/","og_locale":"en_US","og_type":"article","og_title":"Merely because the period fixed for liquidation is over, the proceedings for recovery of dues do not stand closed: SC","og_description":"Supreme Court: When the 3-judge bench of Arun Mishra, SA Nazeer and MR Shah, JJ was called upon to decide whether under","og_url":"https:\/\/www.scconline.com\/blog\/post\/2019\/08\/20\/merely-because-the-period-fixed-for-liquidation-is-over-the-proceedings-for-recovery-of-dues-do-not-stand-closed-sc\/","og_site_name":"SCC Times","article_publisher":"https:\/\/www.facebook.com\/scc.online\/","article_published_time":"2019-08-20T15:47:13+00:00","article_modified_time":"2019-08-29T10:59:18+00:00","og_image":[{"width":1330,"height":887,"url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg","type":"image\/jpeg"}],"author":"Prachi Bhardwaj","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Prachi Bhardwaj","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.scconline.com\/blog\/post\/2019\/08\/20\/merely-because-the-period-fixed-for-liquidation-is-over-the-proceedings-for-recovery-of-dues-do-not-stand-closed-sc\/","url":"https:\/\/www.scconline.com\/blog\/post\/2019\/08\/20\/merely-because-the-period-fixed-for-liquidation-is-over-the-proceedings-for-recovery-of-dues-do-not-stand-closed-sc\/","name":"Merely because the period fixed for liquidation is over, the proceedings for recovery of dues do not stand closed: SC | SCC Times","isPartOf":{"@id":"https:\/\/www.scconline.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2019\/08\/20\/merely-because-the-period-fixed-for-liquidation-is-over-the-proceedings-for-recovery-of-dues-do-not-stand-closed-sc\/#primaryimage"},"image":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2019\/08\/20\/merely-because-the-period-fixed-for-liquidation-is-over-the-proceedings-for-recovery-of-dues-do-not-stand-closed-sc\/#primaryimage"},"thumbnailUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg","datePublished":"2019-08-20T15:47:13+00:00","dateModified":"2019-08-29T10:59:18+00:00","author":{"@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/de579aff4bc6dd24b68d6d472ac92942"},"breadcrumb":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2019\/08\/20\/merely-because-the-period-fixed-for-liquidation-is-over-the-proceedings-for-recovery-of-dues-do-not-stand-closed-sc\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.scconline.com\/blog\/post\/2019\/08\/20\/merely-because-the-period-fixed-for-liquidation-is-over-the-proceedings-for-recovery-of-dues-do-not-stand-closed-sc\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.scconline.com\/blog\/post\/2019\/08\/20\/merely-because-the-period-fixed-for-liquidation-is-over-the-proceedings-for-recovery-of-dues-do-not-stand-closed-sc\/#primaryimage","url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg","contentUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg","width":1330,"height":887},{"@type":"BreadcrumbList","@id":"https:\/\/www.scconline.com\/blog\/post\/2019\/08\/20\/merely-because-the-period-fixed-for-liquidation-is-over-the-proceedings-for-recovery-of-dues-do-not-stand-closed-sc\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.scconline.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Merely because the period fixed for liquidation is over, the proceedings for recovery of dues do not stand closed: SC"}]},{"@type":"WebSite","@id":"https:\/\/www.scconline.com\/blog\/#website","url":"https:\/\/www.scconline.com\/blog\/","name":"SCC Times","description":"Bringing you the Best Analytical Legal News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.scconline.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/de579aff4bc6dd24b68d6d472ac92942","name":"Prachi Bhardwaj","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/Prachi-Image2-150x150.png","contentUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/Prachi-Image2-150x150.png","caption":"Prachi Bhardwaj"},"description":"Senior Associate Editor","url":"https:\/\/www.scconline.com\/blog\/post\/author\/editor_3\/"}]}},"jetpack_featured_media_url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":297390,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/07\/21\/ibc-overrides-electricity-act-sc-explains-hierarchy-for-settling-dues-in-insolvency-cases\/","url_meta":{"origin":218437,"position":0},"title":"IBC overrides Electricity Act; Supreme Court explains hierarchy for settling dues in insolvency cases","author":"Prachi Bhardwaj","date":"July 21, 2023","format":false,"excerpt":"In the case at hand, PVVNL had argued that the rights of electricity suppliers were not subordinate and subject to the \u2018priority of claims\u2019 mechanism under the IBC.","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"ibc overrides electricity act","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/07\/ibc-overrides-electricity-act.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/07\/ibc-overrides-electricity-act.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/07\/ibc-overrides-electricity-act.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/07\/ibc-overrides-electricity-act.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":368850,"url":"https:\/\/www.scconline.com\/blog\/post\/2025\/12\/05\/bom-hc-revisional-authority-cannot-reject-delay-condonation-matter-reserved-for-orders\/","url_meta":{"origin":218437,"position":1},"title":"Revisional authority cannot reject condonation of delay application merely because matter reserved for orders: Bombay High Court","author":"Soumya Yadav","date":"December 5, 2025","format":false,"excerpt":"\u201cThe revisional authority ought to have examined whether sufficient cause existed. Instead, it declined to consider the application merely on a technical ground.\u201d","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"revisional authority condonation delay","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/12\/blog-3-58.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/12\/blog-3-58.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/12\/blog-3-58.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/12\/blog-3-58.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":294785,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/06\/16\/explained-supreme-court-verdict-on-constitutionality-of-section-3277-of-companies-act-legal-news\/","url_meta":{"origin":218437,"position":2},"title":"Explained | Supreme Court’s verdict on constitutionality of Section 327(7) of Companies Act vis-\u00e0-vis preferential payment of dues to workers after liquidation","author":"Apoorva","date":"June 16, 2023","format":false,"excerpt":"The Supreme Court said that it cannot adopt a doctrinaire approach. Some sacrifices have to be always made for the greater good, and unless such sacrifices are prima facie apparent and ex facie harsh and unequitable as to classify as manifestly arbitrary, these would not be interfered with by the\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"section 327(7) of companies act","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/06\/section-3277-of-companies-act.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/06\/section-3277-of-companies-act.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/06\/section-3277-of-companies-act.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/06\/section-3277-of-companies-act.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":106841,"url":"https:\/\/www.scconline.com\/blog\/post\/2017\/02\/15\/cooperative-societies-are-covered-under-the-ambit-of-rti-act\/","url_meta":{"origin":218437,"position":3},"title":"Cooperative Societies are covered under the ambit of RTI Act","author":"Saba","date":"February 15, 2017","format":false,"excerpt":"Bombay High Court:\u00a0Jalgaon Jillha Urban Cooperative Banks Association Ltd., Credit Societies and other financial institutions registered under the Maharashtra Cooperative Societies Act 1960 filed a writ before the Bombay High Court contending that in view of the provisions of Section 2(h) and Section 8 of the Right to Information Act\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/09\/Bombay-HC.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/09\/Bombay-HC.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/09\/Bombay-HC.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/09\/Bombay-HC.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/09\/Bombay-HC.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":368579,"url":"https:\/\/www.scconline.com\/blog\/post\/2025\/12\/03\/bom-hc-assets-transfer-not-business-transfer\/","url_meta":{"origin":218437,"position":4},"title":"Transfer of assets does not equal transfer of business; Liability arises only if entire business is acquired as a unit: Bombay High Court","author":"Editor","date":"December 3, 2025","format":false,"excerpt":"\u201cPurchase in case of assets of dormant business, auction purchaser is not liable to discharge liability arising out of business of erstwhile owner.\u201d","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"assets transfer not business transfer","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/12\/assets-transfer-not-business-transfer.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/12\/assets-transfer-not-business-transfer.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/12\/assets-transfer-not-business-transfer.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/12\/assets-transfer-not-business-transfer.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":272534,"url":"https:\/\/www.scconline.com\/blog\/post\/2022\/08\/29\/ibc-prevails-over-customs-once-moratoriumimposed-cbic-has-limited-jurisdiction-supreme-court-legal-updates-research-news\/","url_meta":{"origin":218437,"position":5},"title":"IBC prevails over Customs Act once moratorium is imposed; CBIC has limited jurisdiction, cannot initiate recovery of dues: Supreme Court\u00a0","author":"Prachi Bhardwaj","date":"August 29, 2022","format":false,"excerpt":"Supreme Court: The 3-judge bench of NV Ramana*, CJ and JK Maheshwari and Hima Kohli, JJ has held that the Insolvency and Bankruptcy Code, 2016 (IBC) would prevail over the Customs Act, 1962 to the extent that once moratorium is imposed in terms of Sections 14 or 33(5) of the\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/08\/IBC-prevails-over-Customs-Act-once-moratorium-is-imposed-CBIC-has-limited-jurisdiction-cannot-initiate-recovery-of-dues-2.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/08\/IBC-prevails-over-Customs-Act-once-moratorium-is-imposed-CBIC-has-limited-jurisdiction-cannot-initiate-recovery-of-dues-2.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/08\/IBC-prevails-over-Customs-Act-once-moratorium-is-imposed-CBIC-has-limited-jurisdiction-cannot-initiate-recovery-of-dues-2.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/08\/IBC-prevails-over-Customs-Act-once-moratorium-is-imposed-CBIC-has-limited-jurisdiction-cannot-initiate-recovery-of-dues-2.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/08\/IBC-prevails-over-Customs-Act-once-moratorium-is-imposed-CBIC-has-limited-jurisdiction-cannot-initiate-recovery-of-dues-2.png?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/218437","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/121"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=218437"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/218437\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/154914"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=218437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=218437"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=218437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}