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2020 (2) TMI 1663 - HC - VAT and Sales TaxRecovery of dues - priority of charges - overriding effect of Section 31B of the Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Act, 2016 over the recovery of all other debts and Government dues including revenues, taxes, cesses and rates due to the Central Government, State Government or Local Authority - HELD THAT:- The prevailing position is that debts due to any secured creditor shall be paid in priority over all other other debts and revenues, taxes, cesses and rates payable to the Central or State Government or local authority. The sale of the properties in question shall be registered, if the documents are otherwise in order. The petitioner bank is directed to keep the sale considerations apart in a separate interest bearing, marked account, till, and subject to disposal of this writ petition. Since the main issue is stated to be pending before the Supreme Court, list this matter on 16.03.2020.
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