Charge of Secured Creditor Precedes Over Charge on Dues of Sales Tax under SARFAESI Act: Gujarat HC [Read Order]

Charge of Secured Creditor Precedes Over Charge on Dues of Sales Tax under SARFAESI Act, rules Gujarat HC
By Kalyani B. Nair - On January 11, 2024 6:02 pm - 2 mins read
Secured Creditor - Creditor - Dues of Sales Tax - Sales Tax - SARFAESI Act - Gujarat HC - gujarat high court - taxscan

The Gujarat High Court observed that the charge of secured creditor precedes over charge on dues of sales tax under the Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002 (SARFAESI Act). It is the case of the petitioner that both the parcels of land were owned by M/s. Dolplast Machinery…

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