https://www.taxtmi.com/caselaws?id=420338 Statutory priority under Section 26E of the SARFAESI Act protects a registered secured creditor's charge over movable and immovable assets against recovery of tax arrears. Where the bank's security interest was undisputed, the recovery forum could not proceed without issuing notice to the secured creditor. The contrary order refusing impleadment of the bank was therefore unsustainable, and recovery was permitted to continue only after notice to the secured creditor. en-us Wed, 16 Mar 2022 00:00:00 +0530 Fri, 01 Apr 2022 08:31:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420338 Statutory priority under Section 26E of the SARFAESI Act protects a registered secured creditor's charge over movable and immovable assets against recovery of tax arrears. Where the bank's security interest was undisputed, the recovery forum could not proceed without issuing notice to the secured creditor. The contrary order refusing impleadment of the bank was therefore unsustainable, and recovery was permitted to continue only after notice to the secured creditor. Case-Laws VAT and Sales Tax Wed, 16 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420338