SARFAESI Act prevails over inconsistent provisions in any other law: HP HC

Central Bank of India Vs State of Himachal Pradesh & Ors. (Himachal Pradesh high Court)

The recent judgment by the Himachal Pradesh High Court in the case of Central Bank of India vs. State of Himachal Pradesh & Ors. sheds light on the priority and preference of a secured creditor, in this instance, a nationalized bank, over other claimants, particularly government departments seeking recovery of dues. The case involves the interpretation and application of relevant provisions of the Securitization and Reconstruction

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