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2018 (2) TMI 989 - HC - VAT and Sales TaxRelease of attached property - whether the Bank has priority over the dues of the Sales Tax Department? - Held that: - the issue is no longer res integra and has been decided by a Full Bench of this Court in the case of The Assistant Commissioner (CT) vs. the Indian Overseas Bank and another [2016 (12) TMI 373 - MADRAS HIGH COURT] in which the Court held that financial institution, which is a secured creditor would have 'Priority of Charge' over the mortgaged property over and above the Department of the Government. The attachment of the mortgaged property by the Sales Tax Department is held to be without jurisdiction - petition allowed.
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