Tax as first charge on property secures government tax, interest and penalty claims above other encumbrances, subject to insolvency carve out. Any amount payable by a taxable person or other person for tax, interest or penalty under the Madhya Pradesh GST framework constitutes a first charge on the property of that person, notwithstanding other laws, subject only to the Insolvency and Bankruptcy Code exception.
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Provisions expressly mentioned in the judgment/order text.
Tax as first charge on property secures government tax, interest and penalty claims above other encumbrances, subject to insolvency carve out.
Any amount payable by a taxable person or other person for tax, interest or penalty under the Madhya Pradesh GST framework constitutes a first charge on the property of that person, notwithstanding other laws, subject only to the Insolvency and Bankruptcy Code exception.
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