Secured Creditors with CERSAI Registration Have Priority Over Government Tax Claims, Rules Full Bench.

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....Priority of recovery of tax / duty of excise dues - Attachment of property - Seeking removal of lien/charge/encumbrance/mutation entry of Central Excise Department - the Full Bench has clearly held that if the security interest of the secured creditor is registered with CERSAI, then the secured creditor would get priority over the dues of the Government. - HC....