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2019 (5) TMI 499 - HC - VAT and Sales TaxAuction of cars by the bank - whether the disposal at an auction by the bank of cars that have been hypothecated with it and later repossessed on default of repayment of the loan, is a ‘sale’? - HELD THAT:- Reliance placed in the case of M/S. CITI BANK VERSUS COMMISSIONER OF SALES TAX [ 2015 (12) TMI 1040 - DELHI HIGH COURT ], where it was held that Sale of the repossessed cars by the Appellant Bank is incidental or ancillary or in connection with the Appellant’s business. This Court, prima facie, finds no ground to grant any interim relief as prayed for. However, it is clarified that the payments of the amounts by the Petitioner to the Respondents would be subject to the outcome of the petition. Application disposed off.
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