https://www.taxtmi.com/highlights?id=61121 Attachment of secured assets - recovery of sales tax dues - the secured creditor would have a first charge over an asset and the charge created in favour of the State of Maharashtra under Section 37 of the MVAT Act would be subject to the first charge created by the Central Legislation namely, Section 26-E of the SARFAESI Act. - In view of this settled legal position and in the background of the facts established in this case, the action initiated by the respondent Nos.1, 2 and 3 to the extent of two properties cannot be sustained. - HC en-us Sat, 25 Dec 2021 10:35:57 +0530 Sat, 25 Dec 2021 10:35:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=61121 Attachment of secured assets - recovery of sales tax dues - the secured creditor would have a first charge over an asset and the charge created in favour of the State of Maharashtra under Section 37 of the MVAT Act would be subject to the first charge created by the Central Legislation namely, Section 26-E of the SARFAESI Act. - In view of this settled legal position and in the background of the facts established in this case, the action initiated by the respondent Nos.1, 2 and 3 to the extent of two properties cannot be sustained. - HC Highlights VAT and Sales Tax Sat, 25 Dec 2021 10:35:57 +0530 https://www.taxtmi.com/highlights?id=61121