https://www.taxtmi.com/caselaws?id=367742 The Tribunal allowed the Liquidator's application under section 35(1)(n) of the Insolvency & Bankruptcy Code, 2016, directing the Directorate of Enforcement to release assets of the Corporate Debtor attached under the Prevention of Money Laundering Act. The Tribunal asserted its authority over the distribution of assets in liquidation, distinguishing its role from the criminal court under the PMLA Act. Emphasizing equitable distribution among stakeholders, the Tribunal ordered the Enforcement Directorate to transfer possession of the attached properties to the Liquidator for the smooth progress of the liquidation process. en-us Fri, 31 Aug 2018 00:00:00 +0530 Wed, 26 Sep 2018 07:03:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367742 The Tribunal allowed the Liquidator's application under section 35(1)(n) of the Insolvency & Bankruptcy Code, 2016, directing the Directorate of Enforcement to release assets of the Corporate Debtor attached under the Prevention of Money Laundering Act. The Tribunal asserted its authority over the distribution of assets in liquidation, distinguishing its role from the criminal court under the PMLA Act. Emphasizing equitable distribution among stakeholders, the Tribunal ordered the Enforcement Directorate to transfer possession of the attached properties to the Liquidator for the smooth progress of the liquidation process. Case-Laws Insolvency and Bankruptcy Fri, 31 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367742