https://www.taxtmi.com/caselaws?id=289077 The National Company Law Appellate Tribunal ruled in favor of restricting the Directorate of Enforcement from attaching the property of a Corporate Debtor undergoing insolvency resolution without prior approval. The judgment emphasized the sanctity of the resolution process and the protection of stakeholders' interests in insolvency proceedings. The Tribunal stayed the attachment order and directed the release of the attached property in favor of the Resolution Professional, maintaining the integrity of the resolution plan pending further decisions. en-us Mon, 14 Oct 2019 00:00:00 +0530 Tue, 14 Jul 2020 09:56:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289077 The National Company Law Appellate Tribunal ruled in favor of restricting the Directorate of Enforcement from attaching the property of a Corporate Debtor undergoing insolvency resolution without prior approval. The judgment emphasized the sanctity of the resolution process and the protection of stakeholders' interests in insolvency proceedings. The Tribunal stayed the attachment order and directed the release of the attached property in favor of the Resolution Professional, maintaining the integrity of the resolution plan pending further decisions. Case-Laws Insolvency and Bankruptcy Mon, 14 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289077