https://www.taxtmi.com/caselaws?id=770041 Bombay HC held that a secured creditor-bank's priority over state tax authorities was established when the bank registered its security interest with CERSAI under SARFAESI Act in 2011, prior to the tax department's attachment order in 2015. The tax authorities failed to register their attachment order with CERSAI as required under Section 26B(4) and did not follow proper proclamation procedures. Consequently, the purchaser at e-auction obtained clear title free from tax encumbrances, as the bank's registered security interest took priority over the state's unregistered claim under Section 26-E of SARFAESI Act. en-us Fri, 02 May 2025 00:00:00 +0530 Tue, 06 May 2025 09:58:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770041 Bombay HC held that a secured creditor-bank's priority over state tax authorities was established when the bank registered its security interest with CERSAI under SARFAESI Act in 2011, prior to the tax department's attachment order in 2015. The tax authorities failed to register their attachment order with CERSAI as required under Section 26B(4) and did not follow proper proclamation procedures. Consequently, the purchaser at e-auction obtained clear title free from tax encumbrances, as the bank's registered security interest took priority over the state's unregistered claim under Section 26-E of SARFAESI Act. Case-Laws VAT / Sales Tax Fri, 02 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770041