NCLT Orders Income Tax Lien Removal on Katyayni Naturals FDs

NCLT Kolkata directs Income Tax Department to remove lien on Corporate Debtor Katyayni Naturals' fixed deposits worth ₹1.27 crore during CIRP.
Tribunal orders Canara Bank to immediately release ₹81.86 lakh from unliened FD account to CIRP account for insolvency costs.
Court cites IBC Section 14 moratorium supremacy, ruling tax attachments impermissible once CIRP commences and claims are admitted.
Resolution Professional successfully argued that lien continuation violates IBC's overriding effect under Section 238 despite admitted tax claim.