Secured creditors have priority over State Excise Department: HP HC

State of H.P. & Ors. Vs State Bank of India & Another. (Himachal Pradesh High Court)

Introduction: The Himachal Pradesh High Court recently delivered a significant judgment in the case of State of H.P. & Ors. vs. State Bank of India & Another. The core issue revolved around the priority of the State (Excise Department) in comparison to secured creditor debts. This article provides an in-depth analysis of the judgment, shedding light on legal precedents and implications.

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