Municipal corporation cannot claim first charge over property sold by liquidator via E-auction

Alpesh Gems Vs Surat Municipal Corporation (Gujarat High Court) Facts- The writ applicant is a firm is engaged in the business of Diamonds. The subject matter of dispute is an immovable property in the form of 12 units admeasuring 12,996 sq. ft.. The subject property was earlier owned by the Kohinoor Diamonds Private Limited. It appears that the Corporate Insolvency Resolution Process was initiated for the Kohinoor Diamonds by the National Law Tribunal, Ahmedabad Bench. However, the resolution process was unsuccessful and vide order dated 13th November 2018, the company went into liquidation ...