The Gujarat High Court ( HC ) has held that Value Added Tax ( VAT ) and sales tax dues have no Priority over dues of Secure Creditors who exercise powers under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 ( SARFAESI ). Odhavjibhai Mohanbhai Gadhiya, the petitioner challenged the order dated 6.3.2021 passed by respondent No.3- the Sub Registrar, Jamnagar.
Source: taxscan.in
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