https://www.taxtmi.com/caselaws?id=778320 A secured creditor with a registered security interest under the SARFAESI framework has statutory priority over State sales tax claims against the secured asset. Sections 26E of the SARFAESI Act and 31B of the Recovery of Debts and Bankruptcy Act confer priority in realisation of dues, and State charging provisions under the Maharashtra Value Added Tax Act must yield where the security interest was duly registered before attachment. The later amendment to Section 37 did not displace that priority. The attachment over the secured asset could not stand, while any surplus from sale was to be paid to the department. en-us Thu, 11 Sep 2025 00:00:00 +0530 Mon, 15 Sep 2025 08:26:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778320 A secured creditor with a registered security interest under the SARFAESI framework has statutory priority over State sales tax claims against the secured asset. Sections 26E of the SARFAESI Act and 31B of the Recovery of Debts and Bankruptcy Act confer priority in realisation of dues, and State charging provisions under the Maharashtra Value Added Tax Act must yield where the security interest was duly registered before attachment. The later amendment to Section 37 did not displace that priority. The attachment over the secured asset could not stand, while any surplus from sale was to be paid to the department. Case-Laws VAT / Sales Tax Thu, 11 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778320