https://www.taxtmi.com/caselaws?id=283771 The Tribunal held that the attachment orders by ED under PMLA are null and void due to the overriding effect of IBC provisions. The Resolution Professional has the authority to manage the assets without hindrance from the attachment. The Tribunal directed the removal of any notings of attachment in official records and emphasized the economic benefits of timely resolution under IBC compared to the prolonged process under PMLA. The decision favored expediting the resolution process to maximize value for creditors and stakeholders. en-us Tue, 12 Feb 2019 00:00:00 +0530 Fri, 11 Oct 2019 10:58:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283771 The Tribunal held that the attachment orders by ED under PMLA are null and void due to the overriding effect of IBC provisions. The Resolution Professional has the authority to manage the assets without hindrance from the attachment. The Tribunal directed the removal of any notings of attachment in official records and emphasized the economic benefits of timely resolution under IBC compared to the prolonged process under PMLA. The decision favored expediting the resolution process to maximize value for creditors and stakeholders. Case-Laws Money Laundering Tue, 12 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283771