Legal Priority: Secured Creditors vs. State Departments – HP High Court Ruling

Nugenic Pharma Pvt. Ltd. Vs Indian Bank and others (Himachal Pradesh High Court)

Introduction: The legal landscape surrounding the priority of secured creditors versus various state departments, including Excise & Revenue, was recently addressed by the Himachal Pradesh High Court in the case of Nugenic Pharma Pvt. Ltd. vs. Indian Bank and others. This article provides an in-depth analysis of the judgment, drawing insights from the authoritative Supreme Court decision and its implications.

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