https://www.taxtmi.com/caselaws?id=384661 A company generally lacks locus standi to challenge provisional attachment orders issued against immovable properties standing in the name of one of its directors, because the company is a separate juristic person and such a challenge would ordinarily lie with the director concerned. Secured creditor priority under section 31B of the SARFAESI Act gives precedence in recovery over government dues at the stage of distribution, but it does not bar the Income Tax Department from invoking provisional attachment under section 281B over properties already securitised or mortgaged; absent a bank challenge or other legal impediment, the attachment may be maintained. en-us Tue, 06 Aug 2019 00:00:00 +0530 Mon, 19 Aug 2019 12:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384661 A company generally lacks locus standi to challenge provisional attachment orders issued against immovable properties standing in the name of one of its directors, because the company is a separate juristic person and such a challenge would ordinarily lie with the director concerned. Secured creditor priority under section 31B of the SARFAESI Act gives precedence in recovery over government dues at the stage of distribution, but it does not bar the Income Tax Department from invoking provisional attachment under section 281B over properties already securitised or mortgaged; absent a bank challenge or other legal impediment, the attachment may be maintained. Case-Laws Income Tax Tue, 06 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384661