Supreme Court of India · 2022-08-26
SUNDARESH BHATT vs CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS
- Citation / case number
- SC 2021/30527
- Court
- Supreme Court of India
- Petitioner
- SUNDARESH BHATT
- Respondent
- CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS
- Author
- HON'BLE THE CHIEF JUSTICE
- Bench
- HON'BLE THE CHIEF JUSTICE, HON'BLE MR. JUSTICE J.K. MAHESHWARI, HON'BLE MS. JUSTICE HIMA KOHLI
Judgment text excerpt
The Supreme Court addressed the appeal concerning the release of goods from Customs Bonded Warehouses without payment of customs duty under the Insolvency and Bankruptcy Code, 2016. The court examined the implications of the NCLAT's decision which overturned the NCLT's order allowing the release. Ultimately, the Supreme Court upheld the NCLAT's ruling, emphasizing the necessity of adhering to customs regulations during insolvency proceedings.