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Secured Creditor Registered With CERSAI Will Have Precedence Over VAT Authorities Against Proceeds Of Enforcement: Bombay HC

Published: March 28, 2024

The Bombay High Court recently clarified that in a sale of a mortgaged asset, where the mortgage in favour of a secured creditor is registered prior in time with CERSAI, and the MVAT Authorities...

Source: livelaw.in

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Kalyani WagleSomya TripathiSiddharth SamantarayJusticebp ColabawallaA Division Bench Of Justice Somasekhar SundaresanDivision BenchSavair Energy LtdHigh CourtJustice SomasekharSecured AssetsCentral RegistrySecuritisation Asset ReconstructionDistrict MagistrateCentral ActBombay High CourtAle Mortgaged AssetEcured Creditor Vat AuthoritiesEcurity Interest Ection 26e Of The Sarfaesi Act And Section 37 Mvat Roceeds Of The Enforcement