https://www.taxtmi.com/caselaws?id=373665 An innocent bona fide secured creditor with an admitted equitable mortgage was treated as entitled to priority under later security-interest recovery statutes, which were considered to prevail over the earlier non-obstante clause in the money-laundering law. On that basis, the mortgaged properties were granted interim protection and operation of the impugned attachment order was stayed as to those assets. The Corporate Insolvency Resolution Process was also directed to continue, as it was time-bound and there was no basis to halt it merely because enforcement proceedings were pending. Attachment remained in force for the present in respect of the other properties, with status quo maintained. en-us Mon, 07 Jan 2019 00:00:00 +0530 Wed, 16 Jan 2019 10:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373665 An innocent bona fide secured creditor with an admitted equitable mortgage was treated as entitled to priority under later security-interest recovery statutes, which were considered to prevail over the earlier non-obstante clause in the money-laundering law. On that basis, the mortgaged properties were granted interim protection and operation of the impugned attachment order was stayed as to those assets. The Corporate Insolvency Resolution Process was also directed to continue, as it was time-bound and there was no basis to halt it merely because enforcement proceedings were pending. Attachment remained in force for the present in respect of the other properties, with status quo maintained. Case-Laws Money Laundering Mon, 07 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373665