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of <h1>Supreme Court Grants Stay on Enforcement Directorate's Provisional Attachment Order, Returnable February 2020.</h1> <h3>Committee of Creditors Versus Directorate of Enforcement & Ors.</h3> The SC granted a stay on the Provisional Attachment Order No.11/19 issued by the Directorate of Enforcement on 10.10.2019. The notice is returnable in ... Jurisdiction - power of 'Directorate of Enforcement' to attach the property of the 'Corporate Debtor' or part thereof - CIRP process undergoing - Operational Creditor or not - Proceeds of crime - it was held by NCLAT that The Director, Deputy Director and other officers of 'Directorate of Enforcement' are prohibited from attachment of any property of the 'Corporate Debtor' (Bhushan Power and Steel Limited) without prior approval of this Appellate Tribunal. HELD THAT:- Issue notice returnable in February, 2020. In the meantime, there shall be stay of Provisional Attachment Order No.11/19 dated 10.10.2019 passed by the Directorate of Enforcement (ED). The Supreme Court ordered a stay on the Provisional Attachment Order No.11/19 dated 10.10.2019 passed by the Directorate of Enforcement (ED). Notice issued returnable in February 2020. Key legal representatives included Dr. Abhishek Manu Singhvi for the Petitioner and Mr. Kapil Sibal for the Respondent.
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