https://www.taxtmi.com/caselaws?id=769679 A secured creditor's mortgage created in 1991 was treated as having priority over the Commercial Taxes Department's later recovery claim in respect of the mortgaged property and lease rentals. Section 26E of the SARFAESI Act was applied as a special priority provision for registered security interests, with overriding effect notwithstanding other laws. Section 24 of the Tamil Nadu General Sales Tax Act was noted as creating a charge and recovery mechanism, but not a first charge. On that basis, the sales tax recovery notices and communications were found unsustainable, and revenue authorities' reliance on cases involving express first-charge statutes was distinguished. en-us Wed, 16 Apr 2025 00:00:00 +0530 Wed, 30 Apr 2025 08:38:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769679 A secured creditor's mortgage created in 1991 was treated as having priority over the Commercial Taxes Department's later recovery claim in respect of the mortgaged property and lease rentals. Section 26E of the SARFAESI Act was applied as a special priority provision for registered security interests, with overriding effect notwithstanding other laws. Section 24 of the Tamil Nadu General Sales Tax Act was noted as creating a charge and recovery mechanism, but not a first charge. On that basis, the sales tax recovery notices and communications were found unsustainable, and revenue authorities' reliance on cases involving express first-charge statutes was distinguished. Case-Laws VAT / Sales Tax Wed, 16 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769679