Secured Creditor’s Charge Under SARFAESI Prevails Over GST Recovery: Andhra Pradesh HC Sets Aside Attachment of Mortgaged Property

In a recent ruling, the Andhra Pradesh High Court held that the rights of a secured creditor under Section 26E of the SARFAESI (Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest) Act prevail over government tax dues and set aside the GST Department’s attachment and proposed sale of a mortgaged residential property. Can Fin Homes Limited,... https://www.taxs…