https://www.taxtmi.com/caselaws?id=310392 A duly registered secured creditor under the SARFAESI regime has priority over later attachment orders, including tax recovery attachments, by virtue of Section 26E. Once the secured asset is sold to realise the secured debt, those attachments cannot continue to obstruct transfer or registration of the sale certificate, except to the extent of any surplus remaining after satisfaction of the secured debt. Where no surplus remains, the encumbrances created by the tax authority and under an arbitration award become ineffective and may be deleted so that the purchaser's title is not clouded. en-us Wed, 02 Aug 2023 00:00:00 +0530 Sat, 21 Oct 2023 07:00:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310392 A duly registered secured creditor under the SARFAESI regime has priority over later attachment orders, including tax recovery attachments, by virtue of Section 26E. Once the secured asset is sold to realise the secured debt, those attachments cannot continue to obstruct transfer or registration of the sale certificate, except to the extent of any surplus remaining after satisfaction of the secured debt. Where no surplus remains, the encumbrances created by the tax authority and under an arbitration award become ineffective and may be deleted so that the purchaser's title is not clouded. Case-Laws Indian Laws Wed, 02 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310392