https://www.taxtmi.com/caselaws?id=172873 The court clarified that the Department of Customs and Central Excise does not have priority over secured creditors but only over non-secured creditors. As defendant no.2 acted within the provisions of the State Financial Corporation Act, the Department's request for a temporary injunction was denied. The court ruled in favor of defendant no.2, allowing them to manage the plots and recover their dues in accordance with the law. The judgment emphasized the rights of secured creditors and the importance of seeking appropriate relief in legal proceedings. en-us Fri, 07 Dec 2007 00:00:00 +0530 Sat, 03 Oct 2015 15:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=172873 The court clarified that the Department of Customs and Central Excise does not have priority over secured creditors but only over non-secured creditors. As defendant no.2 acted within the provisions of the State Financial Corporation Act, the Department's request for a temporary injunction was denied. The court ruled in favor of defendant no.2, allowing them to manage the plots and recover their dues in accordance with the law. The judgment emphasized the rights of secured creditors and the importance of seeking appropriate relief in legal proceedings. Case-Laws Central Excise Fri, 07 Dec 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=172873