{"id":37607,"date":"2023-09-29T11:39:32","date_gmt":"2023-09-29T06:09:32","guid":{"rendered":"https:\/\/itatonline.org\/digest\/nueva-mosaics-llp-v-department-of-central-sales-tax-air-2023-gujarat-133\/"},"modified":"2023-09-29T11:39:32","modified_gmt":"2023-09-29T06:09:32","slug":"nueva-mosaics-llp-v-department-of-central-sales-tax-air-2023-gujarat-133","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/nueva-mosaics-llp-v-department-of-central-sales-tax-air-2023-gujarat-133\/","title":{"rendered":"Nueva Mosaics LLP v. Department of Central Sales Tax .AIR 2023 GUJARAT 133"},"content":{"rendered":"<p>Allowing the petition the court held that , the Bank as secured creditor had first charge to sell mortgaged property in view of priority under section 26E of the Act . \u00a0The Tax Authority had second charge. \u00a0Purchaser \u00a0of property from private sale held by bank \u00a0Paid full consideration . Tax Authority had \u00a0no right to disturb title , interest and possession . \u00a0Charge created by the Tax Authority was quashed . ( SCA No . 14194 of 2022 dt . 20-1 -2023 )<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Securitisation and  Reconstruction of Financial  Assets  and Enforcement of Security Interest Act ,  2002 .<br \/>\nS. 26E : Priority to secured creditors-    Charge on mortgaged property \u2013 First charge in favour of Bank \u2013 Tax Authority had second charge \u2013 Purchase  of property from private sale held by bank \u2013 Paid full consideration \u2013 Tax Authority had  no right to disturb title , interest and possession \u2013 Charge created by the Tax Authority was quashed  [ Value Added Tax Act  2003 , S. 9, 46 , 48 ,  Art . 226 ]    <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-37607","post","type-post","status-publish","format-standard","hentry","category-allied-laws"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-9Mz","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/37607","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=37607"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/37607\/revisions"}],"predecessor-version":[{"id":37608,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/37607\/revisions\/37608"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=37607"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=37607"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=37607"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}