TaxTMI Login
Just a moment...
By creating an account you can:
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All TMI Notes
of of All TMI Notes
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Himachal Pradesh HC Rules Secured Creditors' Rights Under SARFAESI Act Prevail Over Tax Claims.</h1> The Himachal Pradesh High Court's decision in the case involving the Central Bank of India and the State of Himachal Pradesh addresses the priority of secured creditors over government claims for tax dues. The bank, a secured creditor, auctioned a mortgaged property under the SARFAESI Act after the borrower defaulted. The court affirmed that the secured creditor's rights, as outlined in Section 26E of the SARFAESI Act, take precedence over government tax claims. This ruling limits the traditional Crown Debt doctrine, enhancing the security of banks in asset recovery and promoting financial stability in India.
TaxTMI 
TaxTMI 