https://www.taxtmi.com/caselaws?id=794563 Statutory first charges under State sales tax laws prevail over Section 26E SARFAESI priority where tax dues and attachments crystallised before CERSAI registration, even if the mortgage predated those attachments. Section 26E confers priority in payment after security-interest registration but does not create a first charge capable of displacing an existing statutory charge. Although prospective and retroactive operation are distinct, the SARFAESI amendment cannot unsettle vested tax-recovery rights arising from antecedent facts. State sales tax recovery machinery incorporated for Central Sales Tax dues also carries the statutory first charge, enabling recovery of APGST, APVAT and CST arrears. en-us Thu, 02 Jul 2026 00:00:00 +0530 Wed, 08 Jul 2026 09:08:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794563 Statutory first charges under State sales tax laws prevail over Section 26E SARFAESI priority where tax dues and attachments crystallised before CERSAI registration, even if the mortgage predated those attachments. Section 26E confers priority in payment after security-interest registration but does not create a first charge capable of displacing an existing statutory charge. Although prospective and retroactive operation are distinct, the SARFAESI amendment cannot unsettle vested tax-recovery rights arising from antecedent facts. State sales tax recovery machinery incorporated for Central Sales Tax dues also carries the statutory first charge, enabling recovery of APGST, APVAT and CST arrears. Case-Laws VAT / Sales Tax Thu, 02 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794563