https://www.taxtmi.com/highlights?id=65521 Recovery of dues - priority of settlement of dues - The State is a secured creditor under the GVAT Act. Section 3(30) of the IBC defines secured creditor to mean a creditor in favour of whom security interest is credited. Such security interest could be created by operation of law. The definition of secured creditor in the IBC does not exclude any Government or Governmental Authority. - SC en-us Thu, 08 Sep 2022 07:35:58 +0530 Thu, 08 Sep 2022 07:35:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=65521 Recovery of dues - priority of settlement of dues - The State is a secured creditor under the GVAT Act. Section 3(30) of the IBC defines secured creditor to mean a creditor in favour of whom security interest is credited. Such security interest could be created by operation of law. The definition of secured creditor in the IBC does not exclude any Government or Governmental Authority. - SC Highlights VAT and Sales Tax Thu, 08 Sep 2022 07:35:58 +0530 https://www.taxtmi.com/highlights?id=65521