Sarfaesi S. 41, RDDB S. 31-B, Tax Actby PLRonline 2.1k There is, thus, no doubt that the rights of a secured creditor to realise debts due and payable by sale ...
Sarfaesi – As to whether the Financial Institution, which is a Secured Creditor, or the Department of the Government concerned, would have the ‘Priority of Charge’ over the Mortgaged property in question, with regard to the tax and other dues, andby PLRonline 2.1k Full Bench of the Madras High Court, in the case of The Assistant Commissioner (CT), Anna Salai-III Assessment Circle v. ...
RDDB S. 31–B – will give priority to the secured creditors even over the subsisting charges under other lawsby PLRonline 2.1k Recovery of Debts and Bankruptcy Act, 1993, Section 31B - Insertion of Section 31B of the RDB Act will give ...
RDDB S. 31-B, intention of the Parliament to give precedence even over the Government dues notwithstanding anything to the contrary in any other lawby PLRonline 2.1k Recovery of Debts and Bankruptcy Act, 1993, Section 31B - Apart from the fact that Section 31B of the RDB ...
Mortgage was not registered under Section 26-D of the SARFAESI Act – Affectby PLRonline 2.1k Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act), Section 26-D, 26-E - Section ...
Section 31 B of the RDB Act being a substantive provision giving priority to the “secured creditors”, the same will be applicable irrespective of the procedure through which the recovery is sought to be made (Gujarat Value Added Tax 2003)by PLRonline 2.1k While it is true that the Bank has taken over the possession of the assets of the defaulter under the ...
Amendment made by Parliament is to give priority to the secured creditors vis a vis State dues without speaking about the first charge (Rajasthan VAT Act, Section 47)by PLRonline 2.1k Recovery of Debts and Bankruptcy Act , 1993 (RDB Act), Section 31-B - Rajasthan VAT Act, Section 47 "We are ...
If any Central Statute creates priority of a charge in favour of a secured creditor, the same will rank above the charge in favour of a State for a tax due under the Value Added Tax of the State .by PLRonline 2.1k Recovery of Debts and Bankruptcy Act , 1993 (RDB Act), Section 31-B - Securitisation and Reconstruction of Financial Assets and ...
If any Central statute creates priority of a charge in favour of a secured creditor, the same will rank above the charge in favour of a State for a tax due under the value added tax of the State (Maharashtra Value Added Tax Act, 2002 (MVAT Act), Section 37)by PLRonline 2.1k Recovery of Debts and Bankruptcy Act , 1993 (RDB Act), Section 31-B - Securitisation and Reconstruction of Financial Assets and ...
Mortgage was not registered under Section 26-D of the SARFAESI Act – Affectby PLRonline 2.1k Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act), Section 26-D, 26-E - Section ...