Secured creditors registered with CERSAI have priority of claims over tax dues: Bombay HC

Purushottam Prabhakar Chavan Vs Deputy Commissioner of Sales Tax (GST) (Bombay High Court) The case of Purushottam Prabhakar Chavan vs. Deputy Commissioner of Sales Tax (GST) before the Bombay High Court revolves around the priority of claims over a property, particularly concerning secured creditors and the Maharashtra Value Added Tax (MVAT) dues. Here’s a detailed summary: Background: The petitioner, Mr. Purushottam Prabhakar Chavan, acquired an apartment in Mumbai through an auction conducted by an asset reconstruction company, Encore ARC, in the course of enforcement proceedings. The...