https://www.taxtmi.com/caselaws?id=297311 A later Central law granting secured creditors priority over all other debts and Government dues prevails over a State VAT statute that creates a first charge on property, because the Central non obstante provisions override inconsistent State law under constitutional supremacy and repugnancy principles. The discussion further states that the absence of notification of Section 26E of the SARFAESI Act does not defer or negate that priority for determining claims against State-created charges. The operative effect is that enforcement and sale by a secured creditor under the SARFAESI and recovery framework can take precedence over the State revenue charge. en-us Tue, 19 May 2020 00:00:00 +0530 Thu, 26 Aug 2021 21:35:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297311 A later Central law granting secured creditors priority over all other debts and Government dues prevails over a State VAT statute that creates a first charge on property, because the Central non obstante provisions override inconsistent State law under constitutional supremacy and repugnancy principles. The discussion further states that the absence of notification of Section 26E of the SARFAESI Act does not defer or negate that priority for determining claims against State-created charges. The operative effect is that enforcement and sale by a secured creditor under the SARFAESI and recovery framework can take precedence over the State revenue charge. Case-Laws Indian Laws Tue, 19 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297311