Recovery of tax dues under MVAT - priority of banks over ...
High Court Rules Banks Have Priority Over Statutory Dues for MVAT Recovery, Secured Creditors Take Precedence.
March 11, 2017
Case Laws VAT and Sales Tax HC
Recovery of tax dues under MVAT - priority of banks over statutory dues - the priority of the Secured Creditor who stand outside the winding up is confined to workmens portion as defined in Section 529 (iii) (c) - The petitioner bank has a priority claim over the statutory dues - HC
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