https://www.taxtmi.com/caselaws?id=397698 A pre-CIRP attachment of the corporate debtor's immovable property was held not to be hit by the insolvency moratorium merely because the encumbrance entry was recorded later in the revenue register. The attachment order had been issued before commencement of insolvency proceedings, and the later registry entry was treated as a ministerial reflection of an already existing attachment, not a fresh charge created during moratorium. The adjudicating authority also proceeded without considering the recovery authority's objections on record. The attachment therefore survived, the impugned order could not stand, and the appeal was allowed. en-us Mon, 08 Jun 2020 00:00:00 +0530 Thu, 27 Aug 2020 08:33:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397698 A pre-CIRP attachment of the corporate debtor's immovable property was held not to be hit by the insolvency moratorium merely because the encumbrance entry was recorded later in the revenue register. The attachment order had been issued before commencement of insolvency proceedings, and the later registry entry was treated as a ministerial reflection of an already existing attachment, not a fresh charge created during moratorium. The adjudicating authority also proceeded without considering the recovery authority's objections on record. The attachment therefore survived, the impugned order could not stand, and the appeal was allowed. Case-Laws Insolvency and Bankruptcy Mon, 08 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397698