Supreme Court : State Gets Priority on Debt Over Banks & Other Lenders

Print Friendly, PDF & Email

A three judge bench of hon’ble Supreme Court in Central Bank of India Vs State of Kerala & Ors [(2009) INSC 435; (2009) 4 SCC 94: Decided on 27.02.2009 has  settled the controversy   about the priority of claim on assets of debtor by the State and other secured creditors like Banks and others. The Supreme…

This content is for Monthly, annual and Semi Annual members only.
Log In Register
Previous articleExcel Based Form 16 Software For FY 2011-12
Next articleResident Can Gift NRI Relative upto 2,00,000 US Dollar Now !
Author is proprietor of SIGNATURE CONSULTING, Vadodara. He has Accomplished 21+ year legal career and working as in house Legal Counsel with thorough knowledge of Companies Act, Trade Marks Act, Arbitration and Conciliation Act, Consumer Protection Act, MRTP Act and other corporate laws. Possess expert knowledge of law in handling the prosecution of claims in arbitration proceedings