Service Tax dues of predecessor can be recovered from purchaser/successor of assets if he agreed to bear all statutory liabilities

HIGH COURT OF ALLAHABAD Rana Girders Ltd. Versus Union of India WRIT TAX NO. 383 OF 2005 NOVEMBER  25, 2011 JUDGMENT 1. We have heard Shri Subham Agrawal for the petitioner. Shri S.P. Kesarwani, Additional Chief Standing Counsel appears for the State respondents. 2. M/s P.J. Steels Pvt. Limited, Meerut Road, Muzaffarnagar set up an industrial unit with the financial assistance of U.P. Financial Corporation (UPFC). On the defaults committed by the company in repayment, the industrial unit was taken over by the UPFC under Section 29 of the State Financial Corporation Act and w...