{"id":74406,"date":"2025-11-18T08:42:58","date_gmt":"2025-11-18T03:12:58","guid":{"rendered":""},"modified":"2025-11-18T08:42:58","modified_gmt":"2025-11-18T03:12:58","slug":"sale-of-company-as-going-concern-in-clean-state-freezes-and-extinguishes-pre-sale-dues-claims-limited-to-section-53-waterfall","status":"publish","type":"post","link":"https:\/\/goodsandservicetax.in\/GST\/?p=74406","title":{"rendered":"Sale of company as going concern in clean state freezes and extinguishes pre-sale dues; claims limited to Section 53 waterfall"},"content":{"rendered":"<p>Sale of company as going concern in clean state freezes and extinguishes pre-sale dues; claims limited to Section 53 waterfall<br \/>Case-Laws<br \/>GST<br \/>The HC held that upon sale of the corporate debtor in liquidation as a going concern on a &#8220;clean state&#8221; basis, all pre-sale dues stand frozen and are extinguished, with creditors&#39; entitlements confined to the Section 53 waterfall; accordingly liability of Petitioner No.1 for tax, interest and penalty for periods prior to the sale cannot be adjudica<\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n<p align=\"center\"><strong>Plain text (Extract) only<\/strong><BR>For full text:-<a href=\"https:\/\/www.taxtmi.com\/highlights?id=94274\">Visit the Source <\/a><\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sale of company as going concern in clean state freezes and extinguishes pre-sale dues; claims limited to Section 53 waterfallCase-LawsGSTThe HC held that upon sale of the corporate debtor in liquidation as a going concern on a &#8220;clean state&#8221; basis, all pr<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-74406","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/74406","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=74406"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/74406\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=74406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=74406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=74406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}