AAR: Sale of Corporate Debtor's assets by NCLT appointed 'Liquidator' constitutes a ‘supply’, liquidator liable to registration

West Bengal AAR rules the sale of the assets of the applicant, a Corporate Debtor (CD) under the Insolvency and Bankruptcy Code, 2016, by National Company Law Tribunal (NCLT) appointed ‘Liquidator’ as a supply of goods by the liquidator; States that “sale of the applicant’s assets like the plant and machinery, office equipment & furniture is, therefore, a supply of goods by the liquidator” who is required to take registration u/s 24 of the CGST Act; Refers ...