Departments of State including Excise and Revenue do not have Priority over Secured Creditors Debt: HP HC [Read Order]

Departments of State including Excise and Revenue do not have Priority over Secured Creditors Debt: HP HC

By Kalyani B. Nair - On January 24, 2024 7:40 pm - 2 mins read

Excise - Revenue - Creditors Debt - HP High Court - Himachal Pradesh High Court - Secured Creditors - taxscan

In a significant ruling the Himachal Pradesh High Court observed that the departments of the State including Excise and Revenue do not have priority over secured creditors debt. The question in the petition was to whether the different departments of the State including Excise and Revenue will have priority over the secured creditors’ debt. The…

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