https://www.taxtmi.com/caselaws?id=113138 Section 26B of the Kerala General Sales Tax Act, 1963 creates a first charge for sales tax dues, but where the company is in liquidation the distribution of assets is governed by the Companies Act, 1956. Section 529A gives workmen's dues and the corresponding dues of secured creditors statutory priority over all other debts, and that priority cannot be displaced by implication. On that basis, the State's sales tax claim could not rank ahead of the amounts protected by section 529A, and the application was liable to be rejected. en-us Wed, 11 Aug 2010 00:00:00 +0530 Mon, 29 Sep 2014 09:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113138 Section 26B of the Kerala General Sales Tax Act, 1963 creates a first charge for sales tax dues, but where the company is in liquidation the distribution of assets is governed by the Companies Act, 1956. Section 529A gives workmen's dues and the corresponding dues of secured creditors statutory priority over all other debts, and that priority cannot be displaced by implication. On that basis, the State's sales tax claim could not rank ahead of the amounts protected by section 529A, and the application was liable to be rejected. Case-Laws Companies Law Wed, 11 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113138