https://www.taxtmi.com/caselaws?id=771419 A prior secured creditor that has already enforced its mortgage security, taken possession, and completed auction of the property before a provisional attachment cannot have that completed enforcement displaced by the later attachment. The secured creditor's rights prevail over the attachment in respect of the auctioned asset, and the auction sale is maintained. However, any surplus realised beyond satisfaction of the secured debt must be preserved, by deposit in FDR, for possible claim by unsecured creditors before the Special Judge, PMLA Court. en-us Wed, 07 May 2025 00:00:00 +0530 Mon, 26 May 2025 08:52:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771419 A prior secured creditor that has already enforced its mortgage security, taken possession, and completed auction of the property before a provisional attachment cannot have that completed enforcement displaced by the later attachment. The secured creditor's rights prevail over the attachment in respect of the auctioned asset, and the auction sale is maintained. However, any surplus realised beyond satisfaction of the secured debt must be preserved, by deposit in FDR, for possible claim by unsecured creditors before the Special Judge, PMLA Court. Case-Laws Money Laundering Wed, 07 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771419