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Debt secured under provisions of SARFAESI Act, 2002 would hold priority over the crown debt

May 10, 2019[2019] 107 taxmann.com 323 (Punjab & Haryana)
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FEMA, BANKING & INSURANCE: A debt which is secured under provisions of SARFAESI Act, 2002 becomes first charge over property in question and has to give way to a crown debt, which is in nature of an unsecured debt

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