https://www.taxtmi.com/caselaws?id=435680 The court ruled in favor of the Petitioner Bank, holding that their registered mortgage with CERSAI granted priority over the Sales Tax Department's unregistered claims. The attachment order by the Sales Tax Department was deemed invalid due to lack of CERSAI registration, and the auction purchasers were not obligated to pay tax dues. The court quashed the attachment order, directed issuance of a NOC to the auction purchasers, and affirmed the Petitioner Bank's priority as a secured creditor. en-us Fri, 24 Mar 2023 00:00:00 +0530 Fri, 24 Mar 2023 19:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435680 The court ruled in favor of the Petitioner Bank, holding that their registered mortgage with CERSAI granted priority over the Sales Tax Department's unregistered claims. The attachment order by the Sales Tax Department was deemed invalid due to lack of CERSAI registration, and the auction purchasers were not obligated to pay tax dues. The court quashed the attachment order, directed issuance of a NOC to the auction purchasers, and affirmed the Petitioner Bank's priority as a secured creditor. Case-Laws VAT and Sales Tax Fri, 24 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435680