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Secured Creditor Registered With CERSAI Will Have Precedence Over VAT Authorities Against Proceeds Of Enforcement: Bombay HC
The Bombay High Court recently clarified that in a sale of a mortgaged asset, where the mortgage in favour of a secured creditor is registered prior in time with CERSAI, and the MVAT Authorities.
Kalyani wagle
Somya tripathi
Siddharth samantaray
Justicebp colabawalla
A division bench of justice somasekhar sundaresan
Division bench
Savair energy ltd
High court
Justice somasekhar
Secured assets
Central registry
Securitisation asset reconstruction
District magistrate
Central act
Bombay high court
Ale mortgaged asset
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