Being a secured creditor, would have priority over Government dues – The Stock Exchange, Bombay  Vs. V.S. Kandalgaonkar & Ors. – Supreme Court

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Whether when the Debt Recovery Tribunal(DRT) under the provisions of the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 exercises his power under section 19(18)(e) and appoints a Commissioner for preparation of an inventory of the properties of the defendants, whether prior leave of the Company Judge under the provisions of Companies Act is necessary, since the Company in question is under liquidation and a provisional liquidator has been appointed – State Bank of Hyderabad Vs. Pennar Paterson Ltd. & Anr. – Supreme Court

Case Laws-SARFAESI-Supreme Court, Companies Act-Supreme Court
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