No Priority for Payment of Tax Dues of State over other Secured Creditors u/s 529 of Companies Act: Rajasthan HC [Read Order]

Priority - Payment of Tax - State - Secured Creditors - Companies Act - Rajasthan HC - Taxscan

The single bench of Rajasthan High Court has held that no priority for payment of tax dues of state over other secured creditors u/s 529 of Companies Act. The respondent, M/s. Punusumi India Limited, is under liquidation and the Officer Liquidator (OL) had invited claims with regard to outstanding dues against the said Company. The…

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