(Rohinton Fali Nariman and Indu Malhotra, JJ.)
Pr. Commissioner of Income Tax ______________________ Petitioner
v.
Monnet Ispat and Energy Ltd. ________________________ Respondent
Petition(s) for Special Leave to Appeal (C) No(s). 6483/2018, decided on August 10, 2018
With
SLP(C) No. 6487/2018 (XIV), SLP(C) No. 6488/2018 (XIV) (For Exemption From Filing C/C of the Impugned Judgment on IA 31154/2018) SLP(C) No. 6590/2018 (XIV) Diary No(s). 4692/2018 (XIV) (For Condonation of Delay in Filing on IA 32173/2018) Diary No(s). 4781/2018 (XIV) (For Condonation of Delay in Filing on IA 34964/2018 For Condonation of Delay in Refiling on IA 34965/2018) SLP(C) No. 6490/2018 (XIV) SLP(C) No. 8382/2018 (XIV) Diary No(s). 5210/2018 (XIV) (For Condonation of Delay in Filing on IA 34695/2018) Diary No(s). 6122/2018 (XIV) (For Condonation of Delay in Filing on IA 33578/2018) SLP(C) No. 6492/2018 (XIV) SLP(C) No. 6489/2018 (XIV) (For Exemption From Filing C/C of the Impugned Judgment on IA 30223/2018) SLP(C) No. 6493/2018 (XIV) SLP(C) No. 8187/2018 (XIV) SLP(C) No. 8380/2018 (XIV) Diary No(s). 7050/2018 (XIV) (For Condonation of Delay in Filing on IA 34726/2018) SLP(C) No. 8188/2018 (XIV) SLP(C) No. 8383/2018 (XIV) Diary No(s). 7319/2018 (XIV) (For Condonation of Delay in Filing on IA 33741/2018) SLP(C) No. 8381/2018 (XIV) SLP(C) No. 8189/2018 (XIV)
The Order of the court was delivered by
Order
1. Heard.
2. Delay, if any, is condoned.
3. Given Section 238 of the Insolvency and Bankruptcy Code, 2016, it is obvious that the Code will override anything inconsistent contained in any other enactment, including the Income-Tax Act.
4. We may also refer in this Connection to Dena Bank v. Bhikhabhai Prabhudas Parekh and Co. (2000) 5 SCC 694 and its progeny, making it clear that income-tax dues, being in the nature of Crown debts, do not take precedence even over secured creditors, who are private persons.
5. We are of the view that the High Court of Delhi, is, therefore, correct in law.
6. Accordingly, the Special Leave Petitions are dismissed.
7. Pending applications, if any, stand disposed of.
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