Secured Creditor has Priority Over Government Dues Under SARFAESI Act:  Bombay HC [Read Order]

By Kalyani B. Nair - On July 7, 2023 9:00 am - 2 mins read
Secured - Creditor – Priority – Over - Government - SARFAESI – Act - Bombay – HC -TAXSCAN

The Bombay High Court recently ruled that the secured creditor has priority over the Government dues under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI). It is the case of the Petitioner, Ronak Industries, that the Petitioner came to know about the said Secured Asset through the Free…

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