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Pr. Commissioner of Income Tax v/s Monnet Ispat & Energy Ltd.


Company & Directors' Information:- MONNET ISPAT AND ENERGY LIMITED [Active] CIN = L02710CT1990PLC009826

Company & Directors' Information:- H-ENERGY PRIVATE LIMITED [Active] CIN = U40300MH2007PTC175626

Company & Directors' Information:- ISPAT ENERGY LIMITED [Active] CIN = U23201MH1997PLC110834

Company & Directors' Information:- B S ISPAT LIMITED [Active] CIN = U27100MH1999PLC122856

Company & Directors' Information:- A A ENERGY LIMITED [Active] CIN = U40100MH2005PLC157604

Company & Directors' Information:- K M ENERGY PRIVATE LIMITED [Active] CIN = U40300UP2014PTC067293

Company & Directors' Information:- M B ISPAT CORPORATION LIMITED [Active] CIN = U27109WB2002PLC094878

Company & Directors' Information:- H R ISPAT PRIVATE LIMITED [Active] CIN = U27109WB2004PTC099672

Company & Directors' Information:- C P ISPAT PVT LTD [Active] CIN = U27109WB2006PTC109157

Company & Directors' Information:- R. R. ENERGY LIMITED [Active] CIN = U40109CT2004PLC016580

Company & Directors' Information:- MONNET ISPAT LTD [Not available for efiling] CIN = U27102WB1990PLC048307

Company & Directors' Information:- H P ISPAT PRIVATE LIMITED [Active] CIN = U27109WB2004PTC100392

Company & Directors' Information:- M. P. K. ISPAT INDIA PRIVATE LIMITED [Active] CIN = U14100AS2009PTC009174

Company & Directors' Information:- ENERGY INDIA CORPORATION LIMITED [Strike Off] CIN = U40101MH2008PLC181157

Company & Directors' Information:- B & S ENERGY PRIVATE LIMITED [Active] CIN = U40108KA2008PTC048416

Company & Directors' Information:- V G ISPAT PRIVATE LIMITED [Active] CIN = U27100MH2011PTC212537

Company & Directors' Information:- I C ISPAT PRIVATE LIMITED [Amalgamated] CIN = U27104WB1997PTC084835

Company & Directors' Information:- V S P ISPAT PRIVATE LIMITED [Active] CIN = U27109TG2007PTC055445

Company & Directors' Information:- G K ISPAT PRIVATE LIMITED [Active] CIN = U27109WB2005PTC106105

Company & Directors' Information:- S P ISPAT PRIVATE LIMITED [Active] CIN = U27104OR2005PTC008418

Company & Directors' Information:- M. E ENERGY PRIVATE LIMITED [Active] CIN = U51503PN1998PTC114226

Company & Directors' Information:- T S ISPAT PRIVATE LIMITED [Active] CIN = U74899DL1995PTC073989

Company & Directors' Information:- S V ISPAT PRIVATE LIMITED [Active] CIN = U27106PN2007PTC129735

Company & Directors' Information:- K ENERGY COMPANY LIMITED [Active] CIN = U40100CT2007PLC020433

Company & Directors' Information:- MONNET ISPAT LIMITED [Not available for efiling] CIN = U27100DL1993PLC051787

Company & Directors' Information:- M. M. ISPAT PRIVATE LIMITED [Active] CIN = U27101CT2009PTC021004

Company & Directors' Information:- R G ISPAT LIMITED [Active] CIN = U27107RJ1972PLC001467

Company & Directors' Information:- P. B. ISPAT PRIVATE LIMITED [Active] CIN = U27100WB2008PTC123510

Company & Directors' Information:- U R ENERGY (INDIA) PRIVATE LIMITED [Active] CIN = U40108GJ2011PTC067834

Company & Directors' Information:- J D ISPAT PRIVATE LIMITED [Active] CIN = U27100MH2004PTC148798

Company & Directors' Information:- T K ISPAT PRIVATE LIMITED [Active] CIN = U27100PN1979PTC159002

Company & Directors' Information:- B H ISPAT PRIVATE LIMITED [Active] CIN = U27104WB2003PTC096031

Company & Directors' Information:- S A ISPAT PRIVATE LIMITED [Active] CIN = U02710CT2006PTC018612

Company & Directors' Information:- M A K ISPAT (INDIA) PRIVATE LIMITED [Active] CIN = U27109WB1991PTC053908

Company & Directors' Information:- B & G ENERGY PRIVATE LIMITED [Active] CIN = U40107TN2006PTC061362

Company & Directors' Information:- G A ISPAT PRIVATE LIMITED [Active] CIN = U27100WB2007PTC114882

Company & Directors' Information:- J C I ENERGY PRIVATE LIMITED [Converted to LLP] CIN = U40102KA2011PTC058550

Company & Directors' Information:- ENERGY INDIA LIMITED [Strike Off] CIN = U74899DL1998PLC096211

Company & Directors' Information:- R S ISPAT PRIVATE LIMITED [Active] CIN = U27109PB2000PTC023511

Company & Directors' Information:- U V ISPAT PRIVATE LIMITED [Active] CIN = U51909DL2004PTC123871

Company & Directors' Information:- G AND G ISPAT PRIVATE LIMITED [Active] CIN = U27101CT2004PTC016842

Company & Directors' Information:- K L ISPAT PRIVATE LIMITED [Active] CIN = U27310PB2003PTC026554

Company & Directors' Information:- L B ISPAT PRIVATE LIMITED [Active] CIN = U27100MH2004PTC149375

Company & Directors' Information:- S. L. ISPAT PRIVATE LIMITED [Active] CIN = U27100WB2008PTC122456

Company & Directors' Information:- K K ISPAT PVT LTD [Strike Off] CIN = U27100WB2006PTC107517

Company & Directors' Information:- INDIA ENERGY PRIVATE LIMITED. [Strike Off] CIN = U74899DL2000PTC103993

Company & Directors' Information:- R. D. ISPAT PRIVATE LIMITED [Active] CIN = U27109GJ2009PTC058095

Company & Directors' Information:- V ENERGY PRIVATE LIMITED [Active] CIN = U40102TG2011PTC073693

Company & Directors' Information:- P. R. ISPAT PRIVATE LIMITED [Active] CIN = U28112WB2006PTC111855

Company & Directors' Information:- G R ISPAT PRIVATE LIMITED [Active] CIN = U27100WB2009PTC137057

Company & Directors' Information:- K D ISPAT PRIVATE LIMITED [Active] CIN = U28120MH1998PTC112800

Company & Directors' Information:- D B ISPAT PRIVATE LIMITED [Strike Off] CIN = U27102WB2004PTC100878

Company & Directors' Information:- M. M. S. ISPAT PRIVATE LIMITED [Active] CIN = U27310WB2011PTC169162

Company & Directors' Information:- U. P. ISPAT PRIVATE LIMITED [Active] CIN = U27100CT2007PTC020396

Company & Directors' Information:- D P ISPAT PRIVATE LIMITED [Active] CIN = U27109MH1996PTC095910

Company & Directors' Information:- ISPAT INDIA LIMITED [Active] CIN = U27100DL1995PLC069878

Company & Directors' Information:- S M M ENERGY PRIVATE LIMITED [Active] CIN = U40109TG2014PTC092679

Company & Directors' Information:- K N R ISPAT PVT LTD [Strike Off] CIN = U27109WB2006PTC109313

Company & Directors' Information:- J S ISPAT PRIVATE LIMITED [Strike Off] CIN = U27106DL1999PTC102859

Company & Directors' Information:- A. I. ISPAT PRIVATE LIMITED [Active] CIN = U27100GJ2011PTC067030

Company & Directors' Information:- C & C ENERGY PRIVATE LIMITED [Active] CIN = U29299DL2010PTC204724

Company & Directors' Information:- L S ISPAT PRIVATE LIMITED [Active] CIN = U51909DL2010PTC207101

Company & Directors' Information:- U S G ENERGY PRIVATE LIMITED [Active] CIN = U29307TZ2005PTC012414

Company & Directors' Information:- A B T ENERGY PRIVATE LIMITED [Active] CIN = U40108KA1983PTC005321

Company & Directors' Information:- B & J ISPAT PRIVATE LIMITED [Active] CIN = U27100UP2010PTC043027

Company & Directors' Information:- A & T ENERGY PRIVATE LIMITED [Strike Off] CIN = U40106GJ2012PTC070207

Company & Directors' Information:- M. D. ISPAT PRIVATE LIMITED [Strike Off] CIN = U28112WB2010PTC142495

Company & Directors' Information:- K E ENERGY PRIVATE LIMITED [Strike Off] CIN = U40300TN2011PTC080288

Company & Directors' Information:- J P ISPAT PRIVATE LIMITED [Active] CIN = U27100WB2007PTC121102

Company & Directors' Information:- M P ISPAT PRIVATE LIMITED [Active] CIN = U27109WB2004PTC099341

Company & Directors' Information:- B. K. ISPAT PRIVATE LIMITED [Strike Off] CIN = U27100WB2010PTC148194

Company & Directors' Information:- V A R ENERGY INDIA PRIVATE LIMITED [Strike Off] CIN = U40300TG2014PTC095926

Company & Directors' Information:- H M ISPAT PRIVATE LIMITED [Active] CIN = U27310UP2008PTC036238

Company & Directors' Information:- C & N ENERGY PRIVATE LIMITED [Strike Off] CIN = U40100KL2011PTC028837

Company & Directors' Information:- M K D ENERGY PRIVATE LIMITED [Active] CIN = U31908UP2015PTC070501

Company & Directors' Information:- C I T L ENERGY PRIVATE LIMITED [Strike Off] CIN = U40108TG2010PTC066844

Company & Directors' Information:- C R B ENERGY PRIVATE LIMITED [Active] CIN = U40108TG2010PTC066845

Company & Directors' Information:- J S ENERGY PRIVATE LIMITED [Active] CIN = U45202HP2006PTC030006

Company & Directors' Information:- T V G ENERGY PRIVATE LIMITED [Strike Off] CIN = U52100UP2014PTC066243

Company & Directors' Information:- G G ENERGY PRIVATE LIMITED [Strike Off] CIN = U74899DL1994PTC058590

Company & Directors' Information:- J. J. ISPAT PRIVATE LIMITED [Strike Off] CIN = U28112MH2010PTC201810

Company & Directors' Information:- V G ENERGY PRIVATE LIMITED [Strike Off] CIN = U40100MH2005PTC156544

Company & Directors' Information:- D R R ENERGY PRIVATE LIMITED [Active] CIN = U40102TN2009PTC073741

Company & Directors' Information:- Q - ENERGY PRIVATE LIMITED [Strike Off] CIN = U74920WB2012FTC182047

Company & Directors' Information:- C. S. S. ISPAT PRIVATE LIMITED. [Active] CIN = U27310DL2006PTC152978

Company & Directors' Information:- R A S ISPAT PRIVATE LIMITED [Strike Off] CIN = U51420DL2005PTC132909

Company & Directors' Information:- S M ISPAT PVT LTD [Strike Off] CIN = U51909WB1996PTC080013

Company & Directors' Information:- N T ISPAT COMPANY PRIVATE LIMITED [Strike Off] CIN = U27104NL2001PTC006482

Company & Directors' Information:- S J ISPAT PRIVATE LIMITED [Strike Off] CIN = U27100PB2009PTC033348

Company & Directors' Information:- H R ENERGY PRIVATE LIMITED [Strike Off] CIN = U40101RJ2003PTC018712

Company & Directors' Information:- J R J R ENERGY PRIVATE LIMITED [Strike Off] CIN = U40100MH2005PTC153641

Company & Directors' Information:- R M ENERGY PRIVATE LIMITED [Strike Off] CIN = U40108MH2003PTC142881

Company & Directors' Information:- S V E ENERGY PRIVATE LIMITED [Active] CIN = U40100TN2009PTC073738

Company & Directors' Information:- L V S ENERGY PRIVATE LIMITED [Under Process of Striking Off] CIN = U40101TG2010PTC068290

Company & Directors' Information:- A. S. R. ENERGY PRIVATE LIMITED [Strike Off] CIN = U40105TG2008PTC056907

Company & Directors' Information:- S S E ENERGY (INDIA) PRIVATE LIMITED [Strike Off] CIN = U40108TG2014PTC093709

Company & Directors' Information:- K & H ENERGY PRIVATE LIMITED [Strike Off] CIN = U40109AP2012PTC079162

Company & Directors' Information:- P & S ENERGY PRIVATE LIMITED [Strike Off] CIN = U40109TG2011PTC072632

Company & Directors' Information:- M V ISPAT PRIVATE LIMITED [Active] CIN = U51420UP2007PTC034189

Company & Directors' Information:- P A ENERGY PRIVATE LIMITED [Strike Off] CIN = U40100HP2006PTC030328

Company & Directors' Information:- S & G ENERGY PRIVATE LIMITED [Strike Off] CIN = U31101CH2010PTC032133

Company & Directors' Information:- S S G ISPAT PRIVATE LIMITED [Active] CIN = U27109DL2004PTC130623

Company & Directors' Information:- V S ISPAT PRIVATE LIMITED [Strike Off] CIN = U28115DL2001PTC110645

Company & Directors' Information:- P M S ENERGY INDIA PRIVATE LIMITED [Active] CIN = U74999DL2012PTC236645

Company & Directors' Information:- D M ENERGY PRIVATE LIMITED [Strike Off] CIN = U40107DL2010PTC199110

Company & Directors' Information:- S K S ENERGY PRIVATE LIMITED [Strike Off] CIN = U40108DL2003PTC119741

Company & Directors' Information:- C P ENERGY PRIVATE LIMITED [Strike Off] CIN = U40109DL2010PTC204395

Company & Directors' Information:- 3 A S ENERGY PRIVATE LIMITED [Strike Off] CIN = U40300DL2013PTC250263

Company & Directors' Information:- I S R ENERGY PRIVATE LIMITED [Under Process of Striking off] CIN = U40103AP2012PTC084585

Company & Directors' Information:- T AND F ENERGY PRIVATE LIMITED [Active] CIN = U40100MP2011PTC026065

Company & Directors' Information:- V V ENERGY PRIVATE LIMITED [Active] CIN = U40101KA2008PTC046429

Company & Directors' Information:- E P C ENERGY PRIVATE LIMITED [Strike Off] CIN = U40107KA2010PTC053645

Company & Directors' Information:- R J ENERGY PRIVATE LIMITED [Active] CIN = U40100GJ2009PTC056990

Company & Directors' Information:- I ENERGY PRIVATE LIMITED [Active] CIN = U40100GJ2009PTC058473

Company & Directors' Information:- V. V. ISPAT PRIVATE LIMITED [Strike Off] CIN = U27310TG2007PTC054459

    Petition(s) for Special Leave to Appeal (C) No(s). 6483 of 2018 with SLP(C) No. 6487 of 2018 (XIV), SLP(C) No. 6488 of 2018 (XIV), SLP(C) No. 6590 of 2018 (XIV), 6490, 6492, 6493, 8187, 8380, 8188, 8189, 8383 6489 of 2018 (XIV) SLP(C) No. 8382 of 2018 (XIV) Diary No(s). 4692, 5210, 7050 of 2018 (XIV) (For Condonation of Delay In Filing On IA 32173, 34964 of 2018, 34965, 34695, 33578, 30223, 34726, 33741 of 2018 of 2018) Diary No(s). 4781, 6122, 7319 of 2018 (XIV)

    Decided On, 10 August 2018

    At, Supreme Court of India

    By, THE HONOURABLE MR. JUSTICE ROHINTON FALI NARIMAN & THE HONOURABLE MS. JUSTICE INDU MALHOTRA

    For the Petitioner: A.N.S. Nadkarni, ASG, K.S. Radhakrishnan, Sr. Advocate. For the Respondent: S.A. Haseeb, Arijit Prasad, Anil Katiyar, AOR, Mukul Rohatgi, Sr. Advocate, Shyam Divan, Sr. Advocate, Mahesh Agarwal, Ankur Saigal, Himanshu Satija, Advocates, E.C. Agrawala, AOR.



Judgment Text

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. & Ors. (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

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are dismissed. 7. Pending applications, if any, stand disposed of.
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