Insolvency and BankruptcyDecember 3, 2019Case LawsAT
Disposal of the uncleared cargo by way of auction - Right of the Customs Department - Company under Insolvency Process (CIRP) - Corporate Debtor - during the period of ‘Moratorium’, the assets of the ‘Corporate Debtor’ cannot be alienated, transferred or sold to a third party.
Disposal of the uncleared cargo by way of auction - Right of the Customs Department - Company under Insolvency Process (CIRP) - Corporate Debtor - during the period of ‘Moratorium’, the assets of the ‘Corporate Debtor’ cannot be alienated, transferred or sold to a third party.
Note: It is a system-generated summary and is for quick reference only.