Preferential charge - Recovery of sales tax - In the present ...

VAT and Sales Tax

November 2, 2021

Preferential charge - Recovery of sales tax - In the present case, the petitioner Bank had already registered all the mortgaged documents in the Central Registry as per Section 20 of the SARFAESI Act, 2002 and by virtue of provision of Section 26 E it is rightly held that the Bank being a secured creditor after registration of the security interest would enjoy priority over all other debts and all revenues, taxes, cesses and other rates. - HC

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Preferential charge - Recovery of sales tax - In the present ...

VAT and Sales Tax

November 2, 2021

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