https://www.taxtmi.com/caselaws?id=764072 Registration of a secured creditor's interest with CERSAI before a State tax attachment gives the secured creditor priority under Section 26E of the SARFAESI Act over State tax dues, including revenues, taxes, cesses and other government dues. The stated principle is that a tax attachment does not by itself displace that statutory priority once the security interest is duly registered, unless some other statutory consequence intervenes. On the facts described, the bank's registration preceded the State's attachment steps, so the secured creditor's claim prevailed and the bank was entitled to prior and first charge over the secured assets. en-us Wed, 18 Dec 2024 00:00:00 +0530 Thu, 02 Jan 2025 10:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764072 Registration of a secured creditor's interest with CERSAI before a State tax attachment gives the secured creditor priority under Section 26E of the SARFAESI Act over State tax dues, including revenues, taxes, cesses and other government dues. The stated principle is that a tax attachment does not by itself displace that statutory priority once the security interest is duly registered, unless some other statutory consequence intervenes. On the facts described, the bank's registration preceded the State's attachment steps, so the secured creditor's claim prevailed and the bank was entitled to prior and first charge over the secured assets. Case-Laws VAT / Sales Tax Wed, 18 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764072