Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Secured Creditor’s Rights u/s 26E of SARFAESI Override State Sales Tax Claims: Bombay HC Clears...
BankingWealth Transition & Succession
The Bombay High Court has ruled that "secured creditors' rights under Section 26E of the SARFAESI Act override state sales tax claims," clearing an auction sale in a Canara Bank case. The court's decision provides a significant victory for the bank. The ruling clarifies that a bank has a prior right to a property over a government body.
