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Central Excise - Highlights / Catch Notes

Home Highlights March 2014 Year 2014 This

Default of predecessor company - Liability of successor company ...


Court Rules Successor Company Not Liable for Predecessor's Debts; Bona Fide Purchaser Protected from Liability.

March 14, 2014

Case Laws     Central Excise     HC

Default of predecessor company - Liability of successor company - dues due and owing by the assessee cannot be recovered from the properties of the appellant, who is a bona fide purchaser in auction - HC

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