https://www.taxtmi.com/caselaws?id=337662 The later Central securitisation law prevails over the Tripura land revenue restriction to the extent the State provision barred sale of mortgaged property to a non-tribal purchaser, because enforcement of secured assets forms part of banking and an inconsistent State law must yield in the overlapping field. The challenge to the sale notice on valuation also failed, as the record showed an approved valuer's report, a reserve price, and a sale above that reserve price, satisfying the prescribed valuation requirements under the Enforcement Rules. The auction process was therefore not vitiated on the alleged valuation ground. en-us Fri, 25 Nov 2016 00:00:00 +0530 Mon, 23 Jul 2018 17:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337662 The later Central securitisation law prevails over the Tripura land revenue restriction to the extent the State provision barred sale of mortgaged property to a non-tribal purchaser, because enforcement of secured assets forms part of banking and an inconsistent State law must yield in the overlapping field. The challenge to the sale notice on valuation also failed, as the record showed an approved valuer's report, a reserve price, and a sale above that reserve price, satisfying the prescribed valuation requirements under the Enforcement Rules. The auction process was therefore not vitiated on the alleged valuation ground. Case-Laws Indian Laws Fri, 25 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337662