https://www.taxtmi.com/caselaws?id=375735 The Tribunal, on a prima facie view that the properties were already encumbered by mortgage, hypothecation and pledge in favour of banks, treated the lenders as secured creditors and noted that the outstanding dues involved public money. It considered that delay in the borrowers' recovery process could prejudice realisation of security and that continued attachment should not block the resolution process. The operation of the order confirming attachment was stayed until the next hearing, the resolution process was allowed to continue, and the properties were not to be finally disposed of without the Tribunal's leave. en-us Mon, 18 Feb 2019 00:00:00 +0530 Mon, 25 Feb 2019 05:25:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375735 The Tribunal, on a prima facie view that the properties were already encumbered by mortgage, hypothecation and pledge in favour of banks, treated the lenders as secured creditors and noted that the outstanding dues involved public money. It considered that delay in the borrowers' recovery process could prejudice realisation of security and that continued attachment should not block the resolution process. The operation of the order confirming attachment was stayed until the next hearing, the resolution process was allowed to continue, and the properties were not to be finally disposed of without the Tribunal's leave. Case-Laws Money Laundering Mon, 18 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375735