Preferential Creditor vs Secured Creditor - Provisions of ...

Central Law Prevails: Section 529-A of Companies Act Overrides State Law in Creditor Claims During Liquidation.

December 10, 2012

Case Laws VAT and Sales Tax HC

Preferential Creditor vs Secured Creditor - Provisions of Section 529-A of Companies Act (a Central legislation) have to be override the provisions of Sec 53 of the M.P. Commercial Tax Act of 1994 (a State legislation) - tax liability will be subject to the provisions of Sec 530 of the Companies Act subject to the provisions of Section 529-A of the said Act. - HC

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Preferential Creditor vs Secured Creditor - Provisions of ...

Central Law Prevails: Section 529-A of Companies Act Overrides State Law in Creditor Claims During Liquidation.

December 10, 2012

Case Laws VAT and Sales Tax HC

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