https://www.taxtmi.com/caselaws?id=161870 A statutory first charge for sales tax dues prevails over earlier equitable mortgages and decree-based secured claims over the same property. The Kerala General Sales Tax Act provisions were read with the principle of crown debt priority, and the court treated binding precedent as establishing that, where the statute creates a first charge, the State's tax claim attaches to the property as a whole and overrides prior private securities. The banks' earlier mortgage and decree did not displace that statutory priority, and the revenue recovery challenge failed. en-us Mon, 12 Jan 2004 00:00:00 +0530 Mon, 10 Feb 2014 14:09:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=161870 A statutory first charge for sales tax dues prevails over earlier equitable mortgages and decree-based secured claims over the same property. The Kerala General Sales Tax Act provisions were read with the principle of crown debt priority, and the court treated binding precedent as establishing that, where the statute creates a first charge, the State's tax claim attaches to the property as a whole and overrides prior private securities. The banks' earlier mortgage and decree did not displace that statutory priority, and the revenue recovery challenge failed. Case-Laws VAT and Sales Tax Mon, 12 Jan 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=161870