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![State is a Secured Creditor under IBC: Supreme Court upholds VAT Depts Claim during Liquidation [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/IBC-Supreme-Court-VAT-Claim-during-TAXSCAN.jpg "State is a Secured Creditor under IBC: Supreme Court upholds VAT Depts Claim during Liquidation [Read Order]")
State is a 'Secured Creditor' under IBC: Supreme Court upholds VAT Dept's Claim during Liquidation [Read Order]
The Supreme Court of India, upheld the Value Added Tax (VAT) Department’s claim for first charge over property of the corporate debtor, Rainbow...