https://www.taxtmi.com/caselaws?id=295892 The HC allowed the writ petition, setting aside the impugned order and directing the registration of the sale certificate in favor of the third respondent, free from the encumbrance by the Commercial Tax Department. The judgment affirmed the priority of secured creditors under Section 31B, ensuring their entitlement to realize secured debts over government dues, including taxes. The decision provided clarity on the rights of third-party purchasers of mortgaged property, aligning with the Full Bench's ruling and emphasizing the enforcement of secured creditors' rights in realizing debts through asset sales. en-us Wed, 07 Mar 2018 00:00:00 +0530 Mon, 11 Nov 2024 17:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295892 The HC allowed the writ petition, setting aside the impugned order and directing the registration of the sale certificate in favor of the third respondent, free from the encumbrance by the Commercial Tax Department. The judgment affirmed the priority of secured creditors under Section 31B, ensuring their entitlement to realize secured debts over government dues, including taxes. The decision provided clarity on the rights of third-party purchasers of mortgaged property, aligning with the Full Bench's ruling and emphasizing the enforcement of secured creditors' rights in realizing debts through asset sales. Case-Laws VAT / Sales Tax Wed, 07 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295892