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Home Highlights December 2023 Year 2023 This

Recovery of dues - priority over the charges - Apparently, the ...


Bank Holds Primary Right to Recover Dues from Property Due to Prior Charges Over Excise Department's 2017 Charge.

December 8, 2023

Case Laws     Indian Laws     HC

Recovery of dues - priority over the charges - Apparently, the petitioner-Bank is the secured creditor and has created the first charge over the property in question as far as back in the year 2008 and thereafter in 2012 as against the charge created by the Excise Department in the year 2017 and, therefore, has the first right to realize its dues. - HC

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