Dues of a secured creditor have preference over Crown debts: HC

Alok Kistuchand Agarwal Vs Sub Registrar (Gujarat High Court)

The short point that falls for our consideration which otherwise no longer res integra is whether the bank will have the precedence over the secured assets or the Income Tax Department will have the precedence over the secured assets.

Supreme Court in a recent pronouncement in the case of Please become a Premium member. If you are already a Premium member, login here to access the full content.