https://www.taxtmi.com/caselaws?id=427306 The court ruled in favor of the plaintiff, granting recovery of the FDR amount of Rs. 70,00,000/- along with accrued interest. The plaintiff's secured creditor status was upheld, entitling them to priority over government dues. The defendant bank was directed to release the amount within six weeks, with interest at 8% per annum for delays. This case highlights the importance of secured creditor status in establishing precedence over government debts in financial disputes. en-us Wed, 31 Aug 2022 00:00:00 +0530 Fri, 11 Aug 2023 10:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427306 The court ruled in favor of the plaintiff, granting recovery of the FDR amount of Rs. 70,00,000/- along with accrued interest. The plaintiff's secured creditor status was upheld, entitling them to priority over government dues. The defendant bank was directed to release the amount within six weeks, with interest at 8% per annum for delays. This case highlights the importance of secured creditor status in establishing precedence over government debts in financial disputes. Case-Laws Income Tax Wed, 31 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427306