https://www.taxtmi.com/caselaws?id=386175 The tribunal set aside the Impugned Order and quashed the Provisional Attachment Order, allowing the appeal. It was emphasized that the Corporate Insolvency Resolution Process (CIRP) should proceed without hindrance from asset attachment, ensuring the recovery of public funds and business continuity. The tribunal clarified that the order only pertains to mortgaged properties, preserving the rights of secured creditors. This decision aimed to safeguard public money, especially considering the role of public sector banks. en-us Mon, 16 Sep 2019 00:00:00 +0530 Tue, 24 Sep 2019 07:03:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386175 The tribunal set aside the Impugned Order and quashed the Provisional Attachment Order, allowing the appeal. It was emphasized that the Corporate Insolvency Resolution Process (CIRP) should proceed without hindrance from asset attachment, ensuring the recovery of public funds and business continuity. The tribunal clarified that the order only pertains to mortgaged properties, preserving the rights of secured creditors. This decision aimed to safeguard public money, especially considering the role of public sector banks. Case-Laws Money Laundering Mon, 16 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386175