NCLAT Adjourns BoB vs State Tax Charge Priority Dispute

NCLAT hears interconnected appeals between Bank of Baroda and State Tax Officer over priority of charges on corporate debtor's assets.
Core legal issue is whether statutory first charge under GVAT Act Section 48 prevails over BoB's contractual charge as financial creditor.
State Tax Officer contests resolution plan approval for excluding state tax dues, with outcome potentially affecting plan nature.
Tribunal adjourns case to July 16, 2026, directing RP to ensure SRA participation in proceedings.