https://www.taxtmi.com/caselaws?id=756089 Where a secured creditor had registered its security interest in CERSAI before the Sales Tax Department asserted its claim, Section 26E of the SARFAESI Act gave the secured creditor priority in payment over other debts, including taxes and revenues. Applying the Full Bench principle that a duly registered security interest prevails over governmental dues, the Court treated the earlier CERSAI registration as decisive for inter se priority. Attachment orders issued by the revenue authority could not override that priority, and the secured creditor's rights over the sold assets prevailed. en-us Tue, 16 Jul 2024 00:00:00 +0530 Fri, 26 Jul 2024 16:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756089 Where a secured creditor had registered its security interest in CERSAI before the Sales Tax Department asserted its claim, Section 26E of the SARFAESI Act gave the secured creditor priority in payment over other debts, including taxes and revenues. Applying the Full Bench principle that a duly registered security interest prevails over governmental dues, the Court treated the earlier CERSAI registration as decisive for inter se priority. Attachment orders issued by the revenue authority could not override that priority, and the secured creditor's rights over the sold assets prevailed. Case-Laws VAT and Sales Tax Tue, 16 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756089