Corporate insolvency resolution process amended with expanded disclosure, guarantor asset transfer rules, and new dissolution and restoration procedur...
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The HC held that the respondent-authorities breached the interim order by disposing of the 3 gold bars confiscated from the petitioner in November 2022. Instead of demanding an explanation, the HC directed the respondent-authorities to pay the prevailing market price of the goods sold in violation of the order if the petitioner succeeds in appeal or revision. The petition was disposed of.
The HC held that the respondent-authorities breached the interim order by disposing of the 3 gold bars confiscated from the petitioner in November 2022. Instead of demanding an explanation, the HC directed the respondent-authorities to pay the prevailing market price of the goods sold in violation of the order if the petitioner succeeds in appeal or revision. The petition was disposed of.
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