https://www.taxtmi.com/caselaws?id=458245 Section 26E of the SARFAESI Act gives registered secured creditors statutory priority over competing claims, and that priority prevails over a civil decree holder's attachment as well as other dues by virtue of the non obstante framework, including Section 31B of the recovery statute. The attachment could therefore not override the secured interest, and the lifting of attachment over the secured asset was sustained. Objections about the precise extent, value, or possible excess land outside the security interest were treated as factual matters for the Debts Recovery Tribunal or the Authorised Officer under the SARFAESI enforcement process. en-us Thu, 05 Mar 2020 00:00:00 +0530 Thu, 17 Oct 2024 20:13:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458245 Section 26E of the SARFAESI Act gives registered secured creditors statutory priority over competing claims, and that priority prevails over a civil decree holder's attachment as well as other dues by virtue of the non obstante framework, including Section 31B of the recovery statute. The attachment could therefore not override the secured interest, and the lifting of attachment over the secured asset was sustained. Objections about the precise extent, value, or possible excess land outside the security interest were treated as factual matters for the Debts Recovery Tribunal or the Authorised Officer under the SARFAESI enforcement process. Case-Laws Indian Laws Thu, 05 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458245