s per the case facts, a company undergoing insolvency proceedings had imported goods stored in customs warehouses. Customs demanded duties for unfulfilled export obligations, but the insolvency court ordered the ... goods' release without duty payment and blocked their auction. This order was challenged. The question arose whether the customs department could demand duty and auction goods of a company in insolvency, or if the Insolvency and Bankruptcy Code, 2016 (IBC) took precedence. Finally, the Supreme Court overturned the previous order that had halted the private sale. The Court directed the liquidator to swiftly proceed with the private sale of the company's assets, allowing all eligible bidders to participate in negotiations. The Court emphasized the IBC's goal to streamline and unify insolvency and bankruptcy processes.