Bank’s “Secured Debts” Prevail Over Revenue’s “First Charge” in Property Recovery, SARFAESI and RDB Acts Override KGST and KVAT Act Claims: Kerala HC [Read Order]

Bank-Secured-Debts-Prevail-Revenue’s-First-Charge-Property-Recovery-SARFAESI - RDB - Override-KGST - KVAT- Act -Kerala -HC-TAXSCAN

The High Court of Kerala has held that banks and financial institutions hold priority over revenue authorities’ “First Charge” when recovering debts through property sales. The decision came after the analysis of conflicting legal provisions in the dispute involving the State Bank of India (SBI), the State of Kerala and other concerned parties. The case…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹1199 + GST for 1 year

Subscribe Now

taxscan-loader