SUPREME COURT OF INDIA hold on 6th March, 2020 that it is trite law that, unless there is preference given to the Crown debt by a statute, the dues of a secured creditor have preference over Crown debts. When the sale of the property was pursuant to the order passed by the DRT with regard to the property over which a charge was already created prior to the issuance of notice by the income tax department on 11.02.2003, the dues of a secured creditor have preference over Crown debts. In the case of Connectwell Industries Pvt. Ltd vs. UOI (Supreme Court)
IN THE SUPREME COURT OF INDIA CIVIL APPELLATE JURISDICTION CIVIL APPEAL NO. 1919 OF 2010 M/s. Connectwell Industries Pvt. Ltd. …. Appellant(s) Versus Union of India Through Ministry of Finance & Ors. …. Respondent(s) JUDGMENT ……L. NAGESWARA RAO, J….
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