2005 (12) TMI 106 - HC - Central Excise

Summary

The High Court of Judicature at Madras held that the Central Excise Department has precedence over secured creditors as per Section 142 of the Customs and Central Excise Act. The first respondent bank was directed to pay excise dues to the appellant after adjudication. The appeal was disposed of accordingly. [Citation: 2005 (12) TMI 106 - HIGH COURT OF JUDICATURE AT MADRAS]