Case Law Analysis
|Bombay High Court
Secured Creditor Priority Over Tax Dues | SARFAESI Act Prevails Without CERSAI Registration by Tax Authorities : Bombay HC
Bombay HC rules that secured creditors under SARFAESI Act retain priority over tax dues if tax authorities fail to register their charge with CERSAI, affirming banks' rights in asset recovery disputes. Decision applies even to pre-2020 tax attachments, citing Jalgaon Janta Sahakari Bank precedent.
