https://www.taxtmi.com/caselaws?id=369046 Delay in filing the appeal was condoned because the Tribunal accepted the explanation as sufficient cause and noted that no opposition had been filed. The Tribunal also granted interim protection to banks claiming prior security interests over attached properties, holding that secured creditors with an earlier and subsisting security interest are entitled to priority under the debt recovery and security enforcement framework. It treated the banks as unconnected with the alleged money-laundering activity and ordered status quo over the properties pending disposal of the appeal. en-us Wed, 10 Oct 2018 00:00:00 +0530 Mon, 15 Oct 2018 11:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369046 Delay in filing the appeal was condoned because the Tribunal accepted the explanation as sufficient cause and noted that no opposition had been filed. The Tribunal also granted interim protection to banks claiming prior security interests over attached properties, holding that secured creditors with an earlier and subsisting security interest are entitled to priority under the debt recovery and security enforcement framework. It treated the banks as unconnected with the alleged money-laundering activity and ordered status quo over the properties pending disposal of the appeal. Case-Laws Money Laundering Wed, 10 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369046