https://www.taxtmi.com/caselaws?id=295366 The High Court of Madras ruled in favor of the petitioner Bank in two writ petitions, emphasizing the priority of SARFAESI Act proceedings over an Arbitration Tribunal's orders concerning mortgage rights and sale certificates. The Court held that the mortgage deeds took precedence, upholding the petitioner's rights over the properties in question. It directed the registration of sale certificates and removal of encumbrance entries within four weeks, without awarding costs. The Court's decision affirmed the primacy of SARFAESI Act proceedings in cases where mortgages predate other claims, protecting the petitioner's existing rights against subsequent challenges. en-us Fri, 29 Jan 2021 00:00:00 +0530 Mon, 31 May 2021 08:34:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295366 The High Court of Madras ruled in favor of the petitioner Bank in two writ petitions, emphasizing the priority of SARFAESI Act proceedings over an Arbitration Tribunal's orders concerning mortgage rights and sale certificates. The Court held that the mortgage deeds took precedence, upholding the petitioner's rights over the properties in question. It directed the registration of sale certificates and removal of encumbrance entries within four weeks, without awarding costs. The Court's decision affirmed the primacy of SARFAESI Act proceedings in cases where mortgages predate other claims, protecting the petitioner's existing rights against subsequent challenges. Case-Laws VAT and Sales Tax Fri, 29 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295366