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

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
Related Topics:
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
flipkart: Delhi High Court asks taxman to process Flipkart India's ₹6.63 crore claim in three weeks - Vimarsana News

flipkart: Delhi High Court asks taxman to process Flipkart India's ₹6.63 crore claim in three weeks

Published: August 21, 2023

A division bench of Justices Yashwant Varma and Dharmesh Sharma said "...we note that the respondents (VAT tax officer) clearly appear to have acted arbitrarily in making numerous adjustments post May 31, 2015 and, thus illegally depriving the petitioner (Flipkart) of the refund as claimed."

Source: indiatimes.com
Related Topics:
Dharmesh SharmaYashwant VarmaDelhi High Court OnDelhi High CourtFlipkart IndiaJustices Yashwant VarmaDelhi Value Added Tax ActValue Added TaxValue Added Tax DepartmentVat Authorities