Dues of Secured Creditor under SARFAESI Act has priority over Central Excise Dues, rules Supreme Court [Read Order]

The Supreme Court two-member bench comprising Justices L. Nageswara Rao and Vineet Saran observed that the SARFAESI Act will have an overriding effect on the provisions of the Central Excise Act and therefore, the dues of the secured creditor will have priority over the dues of the Central Excise Department. The Commissioner Customs and Central […]
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