https://www.taxtmi.com/caselaws?id=295892 Section 31B of the SARFAESI Act gives secured creditors priority in the realisation of secured debts over other debts and government dues, including taxes, cesses and rates, notwithstanding any other law. Applied to the mortgaged property, that statutory priority was held to prevail over the Commercial Tax Department's encumbrance, and the departmental charge could not defeat the secured creditor's right to sell the asset. The refusal to register the sale certificate on the basis of that encumbrance was therefore unsustainable. 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 Section 31B of the SARFAESI Act gives secured creditors priority in the realisation of secured debts over other debts and government dues, including taxes, cesses and rates, notwithstanding any other law. Applied to the mortgaged property, that statutory priority was held to prevail over the Commercial Tax Department's encumbrance, and the departmental charge could not defeat the secured creditor's right to sell the asset. The refusal to register the sale certificate on the basis of that encumbrance was therefore unsustainable. Case-Laws VAT / Sales Tax Wed, 07 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295892