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of <h1>Bankruptcy Code Moratorium Cannot Block Asset Attachment Under Depositor Protection Laws for Financial Fraud Cases</h1> Supreme Court ruled that the Insolvency and Bankruptcy Code moratorium does not prevent property attachment under the Maharashtra Protection of Interest of Depositors Act. The court upheld that secured creditors cannot claim priority over assets attached under money laundering and state protection laws. The decision impacts a major financial fraud case involving a commodity exchange platform, addressing competing claims between secured creditors and depositors.
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