https://www.taxtmi.com/caselaws?id=403158 Section 26E of the SARFAESI Act gives the secured creditor priority over later State VAT claims against the same mortgaged asset, and Section 48 of the Gujarat VAT Act cannot displace that first charge. Once the secured property is validly sold in SARFAESI auction and the sale is confirmed, the State cannot continue the attachment or refuse registration of the sale deed; the purchasers are entitled to registration and mutation, while the State may pursue recovery from the borrower by other lawful means. en-us Thu, 07 Jan 2021 00:00:00 +0530 Wed, 20 Jan 2021 19:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403158 Section 26E of the SARFAESI Act gives the secured creditor priority over later State VAT claims against the same mortgaged asset, and Section 48 of the Gujarat VAT Act cannot displace that first charge. Once the secured property is validly sold in SARFAESI auction and the sale is confirmed, the State cannot continue the attachment or refuse registration of the sale deed; the purchasers are entitled to registration and mutation, while the State may pursue recovery from the borrower by other lawful means. Case-Laws VAT and Sales Tax Thu, 07 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403158