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Bombay HC Quashes MVAT Attachment Over Secured Asset, Upholds Bank’s Priority Under SARFAESI
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AdvertisementBank of Baroda Vs Assistant Commissioner of Sales Tax (Bombay High Court) The Bombay High Court considered a writ petition filed by Bank of Baroda under Article 226 of the Constitution of India seeking to quash the order dated 18 March 2020 passed by the Assistant Commissioner of Sales Tax attaching a secured asset and to set aside the department’s charge over the said asset.
The attachment order restrained the borrower, Haresh Dharmani, Proprietor of M/s.
Gajanan India Chemco, from transferring or creating any charge over the scheduled property.
A copy of the attachment order had also been ...