https://www.taxtmi.com/caselaws?id=159505 Disputes between State departments and public sector instrumentalities over recovery of tax dues and enforcement of a mortgage should be resolved first through administrative consultation rather than litigation. The commentary notes that where assets have been transferred in exercise of powers under the State Financial Corporations Act, 1951, competing revenue recovery efforts should be balanced against the corporation's security interest in public funds. It further states that confirmation of the auction was stayed pending a decision by the concerned State Secretaries, so that rival State claims could be adjusted without defeating the existing mortgage or forcing interdepartmental litigation. en-us Tue, 06 Jul 1993 00:00:00 +0530 Tue, 26 Nov 2013 14:55:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=159505 Disputes between State departments and public sector instrumentalities over recovery of tax dues and enforcement of a mortgage should be resolved first through administrative consultation rather than litigation. The commentary notes that where assets have been transferred in exercise of powers under the State Financial Corporations Act, 1951, competing revenue recovery efforts should be balanced against the corporation's security interest in public funds. It further states that confirmation of the auction was stayed pending a decision by the concerned State Secretaries, so that rival State claims could be adjusted without defeating the existing mortgage or forcing interdepartmental litigation. Case-Laws VAT and Sales Tax Tue, 06 Jul 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=159505