NCLT Orders GCC to De-seal Arihant Retail Property

NCLT directs Greater Chennai Corporation to remove lock and seal from Arihant Retail's property, finding the action violated IBC moratorium.
GCC claimed property tax arrears of Rs. 71.26 lakh from the corporate debtor, asserting priority over other debts.
Tribunal applied Section 238 of IBC, giving it overriding effect over inconsistent laws like the Tamil Nadu Urban Local Bodies Act.
GCC permitted to file claim with Resolution Professional for recovery of dues as per IBC guidelines.