Income Tax Dues Don’t Bar Property Registration in Auctions: Karnataka HC

Sri T. Bharathgowda Vs State Of Karnataka (Karnataka High Court) In a significant judgment, the Karnataka High Court clarified that pending income tax dues against borrowers do not obstruct the registration of properties purchased in auctions conducted under the SARFAESI Act. This ruling came in the case of Sri T. Bharathgowda Vs. State of Karnataka, where the petitioner sought a writ mandating the Sub-Registrar to register a sale certificate. This decision has substantial implications for property transactions involving auction purchases and highlights the precedence of secured creditors̵...