NCLAT holds Kolkata Municipal Corporation as secured creditor in Talwalkars liquidation case
KMC had assessed property tax dues on an asset of the corporate debtor located within its municipal limits. While part payment was made in 2018, ₹30.28 lakh remained outstanding, leading to issuance of a distress warrant. After Talwalkars Better Value Fitness Ltd. entered corporate insolvency on January 11, 2021, KMC raised a demand for the…

