https://www.taxtmi.com/caselaws?id=345395 The Full Bench, including the judge, ruled in favor of the secured creditor, emphasizing the amended law's priority of secured debts over government dues. The decision favored the financial institution as a secured creditor with a mortgage on the property, clarifying the priority of secured creditors in realizing debts, even in pending cases. The judgment underscored the significance of the amended law in establishing the supremacy of secured creditors in recovering debts, setting aside the impugned attachment order while allowing the government department to pursue alternative recovery methods under the Tamil Nadu General Sales Tax Act. en-us Tue, 04 Jul 2017 00:00:00 +0530 Mon, 17 Jul 2017 09:49:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345395 The Full Bench, including the judge, ruled in favor of the secured creditor, emphasizing the amended law's priority of secured debts over government dues. The decision favored the financial institution as a secured creditor with a mortgage on the property, clarifying the priority of secured creditors in realizing debts, even in pending cases. The judgment underscored the significance of the amended law in establishing the supremacy of secured creditors in recovering debts, setting aside the impugned attachment order while allowing the government department to pursue alternative recovery methods under the Tamil Nadu General Sales Tax Act. Case-Laws VAT and Sales Tax Tue, 04 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345395