https://www.taxtmi.com/caselaws?id=757497 A secured creditor whose security interest is registered with CERSAI obtains statutory priority under Section 26E of the SARFAESI Act over competing State tax claims, including sales tax and GST dues. The non obstante clause, read with Sections 26B and 26D, gives precedence to the registered secured creditor against debts, taxes, cesses and other State or local authority dues. Where the State tax authorities have not registered any competing security interest, later attachment or recovery measures under State law cannot displace that priority. The State enactment creating a first charge yields to the central statutory scheme. en-us Mon, 22 Jul 2024 00:00:00 +0530 Tue, 27 Aug 2024 11:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757497 A secured creditor whose security interest is registered with CERSAI obtains statutory priority under Section 26E of the SARFAESI Act over competing State tax claims, including sales tax and GST dues. The non obstante clause, read with Sections 26B and 26D, gives precedence to the registered secured creditor against debts, taxes, cesses and other State or local authority dues. Where the State tax authorities have not registered any competing security interest, later attachment or recovery measures under State law cannot displace that priority. The State enactment creating a first charge yields to the central statutory scheme. Case-Laws VAT and Sales Tax Mon, 22 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757497