Equivalent value attachment under money laundering law upheld where received funds were treated as proceeds of crime and prior-acquired property could...
CIRP - Eviction of the Appellant from the property - handing over the possession of the property in question to the RP (now Liquidator) within 15 days from the passing of the order and the Statutory Authorities i.e. Local Police - The tribunal dismissed the Appellant's claim for protection under Section 53A of the Transfer of Property Act, 1882, as the Appellant did not fulfill his part of the contract, rendering him ineligible for possessory rights over the property. - The NCLAT, Principal Bench, New Delhi, dismissed the appeal, upholding the order of the Adjudicating Authority. The tribunal found no merit in the arguments presented by the Appellant and affirmed the possession of the property in question to be with the Corporate Debtor.
CIRP - Eviction of the Appellant from the property - handing over the possession of the property in question to the RP (now Liquidator) within 15 days from the passing of the order and the Statutory Authorities i.e. Local Police - The tribunal dismissed the Appellant's claim for protection under Section 53A of the Transfer of Property Act, 1882, as the Appellant did not fulfill his part of the contract, rendering him ineligible for possessory rights over the property. - The NCLAT, Principal Bench, New Delhi, dismissed the appeal, upholding the order of the Adjudicating Authority. The tribunal found no merit in the arguments presented by the Appellant and affirmed the possession of the property in question to be with the Corporate Debtor.
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