Supreme Court Allows Appeal in Property Tax Liability Case — Clarifies Purchaser's Obligations. The court ruled that property tax does not create an encumbrance on the property and must be claimed from the sale proceeds....
The dispute arose from the liquidation of Wool-Combers of India Limited, where the appellant purchased the company's assets for Rs. 7,03,00,000/- in a court sale confirmed on September 15, 2006. Follo...




