Excise & Taxation Department cannot raise a priority claim or first charge over and above Petitioner-Bank: Himachal Pradesh HC [Read Order]

Excise - Taxation Department - raise - priority claim - charge over - Petitioner-Bank - Himachal Pradesh HC - taxscan

A Division Bench of the Himachal Pradesh High Court, while quashing the denial of the registration of Sale Certificate in revenue records, held that Excise & Taxation Department cannot raise a priority claim over and above the Petitioner-Bank, when, as per Section 26E of SARFAESI Act introduced by amendment carried in 2016. The revenue and…

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