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2008 (2) TMI 98 - HC - Central ExciseDefault in payment of loan & excise duty – attachment order by dept. as well as bank for recovery of arrears – Auction Sale Notice issued by bank for sale of properties – impugned petition seeking to quash the said recovery proceedings – question of law as to the priority of debts as between the petitioner & the Banks – there is no specific provision either under the CEA or the Customs Act, to enable the Excise Dept. to claim a precedence over the claim of secured creditor – petition dismissed
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