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

ICICI - Madras High Court - Income Tax - Income Tax Claims - TAXSCAN

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…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?

Enjoy our website without interruptions from advertisements
Receive Daily newsletters
Receive realtime Telegram/Whatsapp news updates
Download original Judgements / Order / Notifications / Circulars, etc
Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)

₹2299 + GST for 1 year

Subscribe Now

Already a member? Log in here