<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>2020 (3) TMI 1343 - MADRAS HIGH COURT</title>
    <link>https://www.taxtmi.com/caselaws?id=295358</link>
    <description>Rule 8(7)(a) requires disclosure of encumbrances known to the secured creditor, but a later attachment before judgment does not, by itself, displace a prior mortgagee&#039;s rights in SARFAESI enforcement. Section 64 of the Code of Civil Procedure, 1908 and Order 38 Rule 10 preserve rights existing before attachment, so a pre-existing secured interest is not overridden by a subsequent attachment in a suit to which the creditor is not bound. On that footing, such an attachment is not an encumbrance that must be stated in the sale notice, and a challenge based only on non-disclosure of that attachment raises a locus standi issue.</description>
    <language>en-us</language>
    <pubDate>Mon, 23 Mar 2020 00:00:00 +0530</pubDate>
    <lastBuildDate>Mon, 31 May 2021 08:34:09 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=645487" rel="self" type="application/rss+xml"/>
    <item>
      <title>2020 (3) TMI 1343 - MADRAS HIGH COURT</title>
      <link>https://www.taxtmi.com/caselaws?id=295358</link>
      <description>Rule 8(7)(a) requires disclosure of encumbrances known to the secured creditor, but a later attachment before judgment does not, by itself, displace a prior mortgagee&#039;s rights in SARFAESI enforcement. Section 64 of the Code of Civil Procedure, 1908 and Order 38 Rule 10 preserve rights existing before attachment, so a pre-existing secured interest is not overridden by a subsequent attachment in a suit to which the creditor is not bound. On that footing, such an attachment is not an encumbrance that must be stated in the sale notice, and a challenge based only on non-disclosure of that attachment raises a locus standi issue.</description>
      <category>Case-Laws</category>
      <law>Indian Laws</law>
      <pubDate>Mon, 23 Mar 2020 00:00:00 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/caselaws?id=295358</guid>
    </item>
  </channel>
</rss>