Supreme Court Prioritizes Secured Creditor Rights Over Tax Dues in Property Dispute: Connectwell Industries vs. Union of India (2020)

/ Debt Recovery, Debt Recovery Tribunal, Deepak Gupta, Income Tax Act, 1961, Income Tax Act, 1961 with Rule 16, Income Tax Act, 1961 with Rule 2, Judges, L. Nageswara Rao

Supreme Court Prioritizes Secured Creditor Rights Over Tax Dues in Property Dispute LEGAL ISSUE: Whether a prior secured debt takes precedence over government tax dues when a property is sold by a Debt Recovery Tribunal (DRT). CASE TYPE: Debt Recovery/Tax Law Case Name: M/s. Connectwell Industries Pvt. Ltd. vs. Union of India Judgment Date: March […]

Supreme Court Prioritizes Secured Creditor Rights Over Tax Dues in Property Dispute: Connectwell Industries vs. Union of India (2020) Read Post »