TMI Blog2018 (3) TMI 1918X X X X Extracts X X X X X X X X Extracts X X X X ..... ts and Government dues including revenues, taxes, cesses and rates due to the Central Government, State Government or Local Authority. Therefore, the impugned order has to be held to be unsustainable in law. The first respondent is directed to register the sale certificate after deleting the encumbrance created at the instance of the Commercial Tax Department and the sale certificate shall be registered in favour of the third respondent, within a period of one week from the date of receipt of a copy of this order - Petition allowed. - W.P.(MD) No.4861 of 2018 And W.M.P.(MD) No.4861 of 2018 - - - Dated:- 7-3-2018 - THE HONOURABLE MR. JUSTICE T.S.SIVAGNANAM And THE HONOURABLE MRS.JUSTICE R.THARANI For the Petitioner : Mr.N.Dilip K ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... with regard to the tax and other dues. b) As to the status and the rights of a third party purchaser of the mortgaged property in question.'' 2.We are of the view that if there was at all any doubt, the same stands resolved by view of the Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Act, 2016, Section 41 of the same seeking to introduce Section 31B in the Principal Act, which reads as under:- ''31B. Notwithstanding anything contained in any other law for the time being in force, the rights of secured creditors to realise secured debts due and payable to them by sale of assets over which security interest is created, shall have priority and shall be paid in prio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... property. This aspect is also covered by the introduction of Section 31B, as it includes ''secured debts due and payable to them by sale of assets over which security interest is created''. 7.We, thus, answer the aforesaid reference accordingly. 8.The matters be placed before the roster Division Bench for dealing with the individual cases. 3.The above decision of the Full Bench squarely answers the legal issue, wherein, it has been held that the secured creditor is entitled to realise secured debts due and payable by sale of assets over which security interest is created and would have priority over all debts and Government dues including revenues, taxes, cesses and rates due to the Central Government, State Gover ..... X X X X Extracts X X X X X X X X Extracts X X X X
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