The Bombay High Court has held that lender bank registration with the Central Registry of Securitisation and Security Interest of India (CERSAI) has first priority over Deputy Commissioner of Sales.
Nominal Index [Citations: 2024 LiveLaw (Ker) 211 - 275]Anoop v. State of Kerala, 2024 LiveLaw (Ker) 211K M Habeeb Muhammed v The Managing Director, 2024 LiveLaw (Ker) 212Sister Annamma Mathai v State.
Nominal Index [Citations 125 - 134]Rakesh Das v. State of Haryana & Ors. 2024 LiveLaw (PH) 125Simran Kaur versus Union of India and others 2024 LiveLaw (PH) 126Pradeep Kumar v. State of Haryana 2024.
NOMINAL INDEX Himri Estate Pvt. Ltd. and 4 Others vs. State of UP and 2 Others 2024 LiveLaw (AB) 253 Smt. Chanda Kedia And Another vs. Dwarika Prasad Kedia And Another 2024 LiveLaw (AB) 254 .
The third party then provides liquidity to the firm expecting the company to pay back using the money they would later receive through the account receivables.