https://www.taxtmi.com/caselaws?id=761130 A registered secured creditor's security interest under the SARFAESI framework prevails over a later State attachment and revenue lien on the same mortgaged property. The court applied the settled priority principle that State tax dues cannot defeat enforcement against a secured asset once the creditor's charge is duly registered and enforceable. On that basis, the attachment order and the consequential revenue entries were held unsustainable and were quashed and cancelled, leaving the secured creditor's enforcement rights intact. en-us Wed, 16 Oct 2024 00:00:00 +0530 Tue, 05 Nov 2024 19:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761130 A registered secured creditor's security interest under the SARFAESI framework prevails over a later State attachment and revenue lien on the same mortgaged property. The court applied the settled priority principle that State tax dues cannot defeat enforcement against a secured asset once the creditor's charge is duly registered and enforceable. On that basis, the attachment order and the consequential revenue entries were held unsustainable and were quashed and cancelled, leaving the secured creditor's enforcement rights intact. Case-Laws VAT / Sales Tax Wed, 16 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761130