Secured creditors have priority under Section 26E SARFAESI Act over CGST dues for asset recovery

Secured creditors have priority under Section 26E SARFAESI Act over CGST dues for asset recoveryCase-LawsGSTThe HC held that under Section 26E of the SARFAESI Act, the secured creditor possesses priority over the secured asset concerning recovery of dues.

Secured creditors have priority under Section 26E SARFAESI Act over CGST dues for asset recovery
Case-Laws
GST
The HC held that under Section 26E of the SARFAESI Act, the secured creditor possesses priority over the secured asset concerning recovery of dues. Since the secured creditor had not taken possession of the property, the CGST authorities were justified in attaching the asset. Despite the admitted outstanding dues owed to both the CGST authorities and the secured creditor, the c

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =