The Himachal Pradesh Court has held that SARFAESI Act and RDB Act have an overriding effect on the provisions of HPVAT. The Petitioners were purchasers of property for consideration of Rs.3,71,50,000/- in an E-auction conducted by respondent No.5-Bank in proceedings under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002…
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