https://www.taxtmi.com/caselaws?id=470289 A secured creditor's prior mortgage and statutory enforcement rights under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 take priority over a subsequent income-tax attachment. Where security interest was created before the attachment, the secured creditor's first charge prevails because no statutory preference for Crown debt displaces secured debt. A later tax attachment cannot defeat a sale undertaken in enforcement of the pre-existing mortgage, and cannot obstruct release of the sale deed or mutation of purchasers' names in revenue records. en-us Wed, 06 Apr 2022 00:00:00 +0530 Wed, 22 Jul 2026 15:34:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470289 A secured creditor's prior mortgage and statutory enforcement rights under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 take priority over a subsequent income-tax attachment. Where security interest was created before the attachment, the secured creditor's first charge prevails because no statutory preference for Crown debt displaces secured debt. A later tax attachment cannot defeat a sale undertaken in enforcement of the pre-existing mortgage, and cannot obstruct release of the sale deed or mutation of purchasers' names in revenue records. Case-Laws Indian Laws Wed, 06 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470289