Thursday, August 8, 2019

Debt secured under provisions of SARFAESI Act, 2002 would hold priority over the crown debt

FEMA, BANKING & INSURANCE: A debt which is secured under provisions of SARFAESI Act, 2002 becomes first charge over property in question and has to give way to a crown debt, which is in nature of an unsecured debt

from www.taxmann.com Latest Case Laws https://ift.tt/2M9VHT9
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