https://www.taxtmi.com/highlights?id=88067 HC determined that the petitioner-bank's security interest, registered with CERSAI on 09/07/2011 prior to the tax authority's attachment order on 02/02/2015, takes precedence under Section 26-E of SARFAESI Act. The tax authorities failed to register their attachment order or provide sufficient notice, rendering their claim invalid. Consequently, the bank's e-auction sale to the respondent was upheld, granting clear title to the secured asset free from any encumbrances claimed by the tax authorities. The petition was allowed, establishing the bank's priority over the state's dues. en-us Tue, 06 May 2025 09:58:53 +0530 Tue, 06 May 2025 09:58:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=88067 HC determined that the petitioner-bank's security interest, registered with CERSAI on 09/07/2011 prior to the tax authority's attachment order on 02/02/2015, takes precedence under Section 26-E of SARFAESI Act. The tax authorities failed to register their attachment order or provide sufficient notice, rendering their claim invalid. Consequently, the bank's e-auction sale to the respondent was upheld, granting clear title to the secured asset free from any encumbrances claimed by the tax authorities. The petition was allowed, establishing the bank's priority over the state's dues. Highlights VAT / Sales Tax Tue, 06 May 2025 09:58:53 +0530 https://www.taxtmi.com/highlights?id=88067