Secured Creditors granted priority charge over Sales, Commercial, and Income Tax claims: Madras HC grants Relief to ICICI [Read Order]
Writ petition allowed registration of the sale certificate despite the attachment order issued by tax authorities
By Navasree A.M - On March 25, 2024 11:04 am - 2 mins read
The Madras High Court has observed that secured creditors have priority charges over the claims of the Sales Tax, Commercial Tax and Income Tax. The high court disposed of the writ petition by granting relief to ICICI. The case involved a petition seeking directions to remove an attachment order and register a sale certificate, providing…
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