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2018 (10) TMI 101 - HC - Indian LawsWithdrawal of Auction Proceedings - Auction of immovable secured assets - Section 26-E of the SARFAESI Act, 2002 - Held that:- In view of Section 26-E of the SARFAESI Act, 2002, the debts due to any secured creditor shall be paid in priority over all other debts and all revenues, taxes, cesses and other rates payable to the Central Government or State Government or local authority. Hence, the notice dated 19.01.2018 is unsustainable in law - petition allowed.
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