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

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

 
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