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Banks Have Priority Over Tax Dues Under SARFAESI & RDB Act: Andhra Pradesh HC
Case Law Details
- Case Name
- State Bank of India Vs Deputy Commercial Tax Officer (Andhra Pradesh High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Andhra Pradesh HC
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State Bank of India Vs Deputy Commercial Tax Officer (Andhra Pradesh High Court)
The Andhra Pradesh High Court disposed of a batch of writ petitions through a common order, observing that the issues involved and the contentions advanced in all the petitions were substantially the same. The principal issue raised by the petitioners was that, by virtue of Section 26E of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) and Section 31B of the Recovery of Debts and Bankruptcy Act, 1993, debts due to banks and fi...
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