https://www.taxtmi.com/caselaws?id=791830 A later statutory tax lien could not override a prior registered security interest created in favour of a financial creditor, because priority followed the earlier perfected charge under Section 48 of the Transfer of Property Act. The cited Rainbow Papers ruling did not alter this result, as it did not concern rival secured interests or enforcement under Section 52 of the Insolvency and Bankruptcy Code. The liquidator was also justified in allowing the secured creditor to realise its security outside liquidation and in directing release of the tax attachment, since the lien had not been disclosed in the claim form and was not registered with the Registrar of Companies. en-us Mon, 11 May 2026 00:00:00 +0530 Tue, 19 May 2026 08:18:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791830 A later statutory tax lien could not override a prior registered security interest created in favour of a financial creditor, because priority followed the earlier perfected charge under Section 48 of the Transfer of Property Act. The cited Rainbow Papers ruling did not alter this result, as it did not concern rival secured interests or enforcement under Section 52 of the Insolvency and Bankruptcy Code. The liquidator was also justified in allowing the secured creditor to realise its security outside liquidation and in directing release of the tax attachment, since the lien had not been disclosed in the claim form and was not registered with the Registrar of Companies. Case-Laws IBC Mon, 11 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791830