Case Law Analysis
|Bombay High Court
SARFAESI Act | Secured Creditors' Priority Over Post-2020 Tax Dues Affirmed: Bombay HC Upholds CERSAI Registration as Decisive
Bombay High Court rules that secured creditors under the SARFAESI Act hold priority over state tax dues arising after 20 January 2020, reinforcing CERSAI registration as the determining factor. The judgment clarifies that post-amendment tax claims do not override secured interests, impacting insolvency and recovery proceedings for banks and financial institutions.