Thursday, November 26, 2020

Right of secured creditors to realise secured credit interest to prevail over decree passed by Civil Court

FEMA/BANKING & INSURANCE : In view of overriding non obstante provisions under section 26E, realization of secured interest for satisfying debts of secured creditors is to prevail over all other dues including decretal dues under decree passed by civil courts and government dues like taxes etc.

from www.taxmann.com Latest Case Laws https://ift.tt/3q4Gcgj
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