https://www.taxtmi.com/caselaws?id=24468 A hypothecation over movables in favour of a private bank did not, by itself, create a first charge overriding the State's right to recover sales tax arrears through revenue recovery. Where the attached goods remained available for recovery, the Government dues prevailed and the proposed sale could not be restrained. The writ petition therefore failed, and the State was entitled to proceed with recovery and sale of the movables for the arrears. en-us Wed, 16 Mar 1988 00:00:00 +0530 Mon, 09 Sep 2013 18:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24468 A hypothecation over movables in favour of a private bank did not, by itself, create a first charge overriding the State's right to recover sales tax arrears through revenue recovery. Where the attached goods remained available for recovery, the Government dues prevailed and the proposed sale could not be restrained. The writ petition therefore failed, and the State was entitled to proceed with recovery and sale of the movables for the arrears. Case-Laws Income Tax Wed, 16 Mar 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24468