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HomeCompany & PMLACERSAI-Registered Secured Creditor Has Priority Over MVAT Dues: Bombay High Court Quashes...

CERSAI-Registered Secured Creditor Has Priority Over MVAT Dues: Bombay High Court Quashes Tax Attachment on Auctioned Property

Company & PMLA

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By Mariya Paliwala
CERSAI-Registered Secured Creditor Has Priority Over MVAT Dues: Bombay High Court Quashes Tax Attachment on Auctioned Property

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The Bombay High Court has held that a security interest registered with Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI) prior in time will prevail over subsequent claims by tax authorities.  The Bench of Justices Manish Pitale and Shreeram V. Shirsat allowed a writ petition filed by Surendra Sadanand Kathole, quashing…

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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