https://www.taxtmi.com/caselaws?id=306458 Secured creditor priority was affirmed over outstanding Central Excise dues because the recovery statutes confer overriding priority on secured claims, and the excise demand was not supported by a valid charge or lawful attachment over the immovable property. The auction purchaser was protected from the erstwhile owner's excise liability because a purchaser for value without notice cannot be fastened with such dues in the absence of an enforceable charge. Refusal to transfer the property on the basis of those dues and other objections was held unjustified, and transfer in favour of the purchaser was directed, subject only to any surviving issue on registration of the sale certificate. en-us Mon, 10 Aug 2020 00:00:00 +0530 Tue, 31 Jan 2023 21:07:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306458 Secured creditor priority was affirmed over outstanding Central Excise dues because the recovery statutes confer overriding priority on secured claims, and the excise demand was not supported by a valid charge or lawful attachment over the immovable property. The auction purchaser was protected from the erstwhile owner's excise liability because a purchaser for value without notice cannot be fastened with such dues in the absence of an enforceable charge. Refusal to transfer the property on the basis of those dues and other objections was held unjustified, and transfer in favour of the purchaser was directed, subject only to any surviving issue on registration of the sale certificate. Case-Laws Indian Laws Mon, 10 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306458