https://www.taxtmi.com/caselaws?id=421586 Dues asserted under VAT law do not override the statutory priority of a secured creditor over a secured asset sold under SARFAESI proceedings. Where a borrower defaults and the property is sold by the secured creditor, the State cannot claim a first charge to defeat the auction purchaser's title, and the Sub-Registrar has no basis to refuse registration of the sale deed executed in favour of the purchaser. The operative effect is that the secured creditor's rights prevail over the State's tax recovery claim in respect of the auctioned property, and registration may proceed to complete the purchaser's title. en-us Wed, 13 Apr 2022 00:00:00 +0530 Thu, 28 Apr 2022 08:12:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421586 Dues asserted under VAT law do not override the statutory priority of a secured creditor over a secured asset sold under SARFAESI proceedings. Where a borrower defaults and the property is sold by the secured creditor, the State cannot claim a first charge to defeat the auction purchaser's title, and the Sub-Registrar has no basis to refuse registration of the sale deed executed in favour of the purchaser. The operative effect is that the secured creditor's rights prevail over the State's tax recovery claim in respect of the auctioned property, and registration may proceed to complete the purchaser's title. Case-Laws VAT and Sales Tax Wed, 13 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421586