M/S.ABHAYANANDA ASSOCIATES vs THE AUTHORISED OFFICER

The Supreme Court modified the High Court's order regarding property tax demands raised by the Corporation of City of Mangalore against the appellant, M/s. Abhayananda Associates. The Court accepted the appellant's undertaking to deposit the property tax of Rs. 20 lacs and directed the appellant to pay all amounts due to the respondent-bank as of the auction date. The Court held that the appellant is liable for future payments towards property tax as demanded by relevant authorities.