Claim of bank on mortgaged property didn't have preference over VAT dues

CST & VAT : Punjab VAT - Where petitioner, a bank, advanced loan to one 'S' against mortgage of property and it had taken physical possession of property in August, 2014 and in meantime it received a letter in respect of attachment of property of 'S' for recovery of dues of State under Punjab VAT Act, claim of petitioner that it had preference over tax dues of State did not merit any acceptance