https://www.taxtmi.com/caselaws?id=770041 A duly registered security interest under the SARFAESI framework is described as prevailing over subsequently asserted State tax claims, including where a tax attachment is entered in revenue records without proof of a valid statutory proclamation or compliance with recovery procedure. The text further notes that, on the stated facts, an auction purchaser taking under an SARFAESI sale was not shown to have actual or constructive notice of the State's claim, and an "as is where is, whatever there is" sale did not continue an unsupported State encumbrance against the transferred property. The stated result is that the secured creditor's priority is preserved and the revenue-record encumbrance is to be removed. en-us Fri, 02 May 2025 00:00:00 +0530 Tue, 06 May 2025 09:58:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770041 A duly registered security interest under the SARFAESI framework is described as prevailing over subsequently asserted State tax claims, including where a tax attachment is entered in revenue records without proof of a valid statutory proclamation or compliance with recovery procedure. The text further notes that, on the stated facts, an auction purchaser taking under an SARFAESI sale was not shown to have actual or constructive notice of the State's claim, and an "as is where is, whatever there is" sale did not continue an unsupported State encumbrance against the transferred property. The stated result is that the secured creditor's priority is preserved and the revenue-record encumbrance is to be removed. Case-Laws VAT / Sales Tax Fri, 02 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770041