SC held liability to discharge arrears of property tax & water tax inspite of being post-liquidation liability

Official Liquidator Vs Ujjain Nagar Palika Nigam & Ors. (Supreme Court of India) Conclusion: Arrears of property tax and water tax until the date of confirmation of sale, i.e., 04.07.2003, would qualify as the expenses for “preserving, realising or getting in” the assets of the company and thus, should have to be paid in priority by the appellant OL. Held: Appellant, being the Official Liquidator of the company had questioned the common judgment, whereby the High Court dismissed the appeals, in allowing the company applications preferred by Ujjain Nagar Palika Nigam, claiming property ...