https://www.taxtmi.com/caselaws?id=302611 A secured creditor's charge over secured assets was held to prevail over the State's claim for dues. Applying the statutory priority under Section 26E of the SARFAESI Act, 2002 and Section 31B of the Recovery of Debts and Bankruptcy Act, 1993, the Court treated the State's competing claim under Section 26 of the H.P. VAT Act, 2005 as subordinate. Consequential relief followed, including issuance of the sale certificate and removal of the lien note from the revenue record. en-us Thu, 09 Sep 2021 00:00:00 +0530 Wed, 08 Jun 2022 14:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302611 A secured creditor's charge over secured assets was held to prevail over the State's claim for dues. Applying the statutory priority under Section 26E of the SARFAESI Act, 2002 and Section 31B of the Recovery of Debts and Bankruptcy Act, 1993, the Court treated the State's competing claim under Section 26 of the H.P. VAT Act, 2005 as subordinate. Consequential relief followed, including issuance of the sale certificate and removal of the lien note from the revenue record. Case-Laws VAT and Sales Tax Thu, 09 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302611