https://www.taxtmi.com/caselaws?id=305391 A purchaser of secured property through a private negotiated sale, with actual or constructive knowledge of outstanding commercial tax dues, cannot claim protection as a transferee for value without notice under the Transfer of Property Act, 1882. The commercial tax law created a first charge on the property, and that charge was not extinguished by the repeal of the earlier enactment by the Madhya Pradesh VAT Act, 2002. The purchaser therefore took the property subject to the statutory encumbrance, and the authorities could proceed in accordance with law. The writ petition failed, with liberty preserved to pursue the statutory remedy regarding the charge. en-us Tue, 19 Jun 2012 00:00:00 +0530 Fri, 02 Dec 2022 11:52:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305391 A purchaser of secured property through a private negotiated sale, with actual or constructive knowledge of outstanding commercial tax dues, cannot claim protection as a transferee for value without notice under the Transfer of Property Act, 1882. The commercial tax law created a first charge on the property, and that charge was not extinguished by the repeal of the earlier enactment by the Madhya Pradesh VAT Act, 2002. The purchaser therefore took the property subject to the statutory encumbrance, and the authorities could proceed in accordance with law. The writ petition failed, with liberty preserved to pursue the statutory remedy regarding the charge. Case-Laws Indian Laws Tue, 19 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305391