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Creditors tax authorities: SC rejects pleas seeking review of its judgment considering tax authorities as secured creditors

India s top court has rejected pleas which sought a review of its earlier judgment in which it said that statutory creditors like tax authorities would be considered secured creditors. This is a set back to lenders like State Bank of India and Indian Overseas Bank. The judgment ranks crown debts at par with workmen dues. ....

Sanjay Kapur , Indian Overseas Bank , Supreme Court , State Bank , Bankruptcy Code , Creditors Tax Authorities , State Bank Of India , Secured Creditors ,