https://www.taxtmi.com/caselaws?id=752135 Registration of a security interest with CERSAI gives the secured creditor priority under Chapter IVA of the SARFAESI Act over later or unregistered competing claims. Where the State tax authority had not registered its attachment with CERSAI and had not issued a proclamation of sale, the MVAT first charge had to yield to the secured creditor's priority. An auction purchaser deriving title through enforcement of that prior secured interest was therefore entitled to clear and marketable title free from the tax attachment. en-us Fri, 03 May 2024 00:00:00 +0530 Sat, 04 May 2024 07:59:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752135 Registration of a security interest with CERSAI gives the secured creditor priority under Chapter IVA of the SARFAESI Act over later or unregistered competing claims. Where the State tax authority had not registered its attachment with CERSAI and had not issued a proclamation of sale, the MVAT first charge had to yield to the secured creditor's priority. An auction purchaser deriving title through enforcement of that prior secured interest was therefore entitled to clear and marketable title free from the tax attachment. Case-Laws VAT and Sales Tax Fri, 03 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752135