Secured Creditors’ Dues Must Take Priority Over Government Revenues: Punjab and Haryana High Court

The Punjab and Haryana High Court has delivered an important judgment explaining how priority of charge must be decided under the SARFAESI Act 2002, especially after the introduction of Section 26E. The Court also made strong observations because many disputes continue to arise despite the law being clear. Background of the Dispute The case was filed by State Bank of India after a Sub Registrar refused to register a sale…