https://www.taxtmi.com/caselaws?id=398581 The Tribunal allowed the Application, setting aside the MPID notification and directing the release of the Corporate Debtor's sealed assets. The judgment clarified the legal principles governing conflicts between state and parliamentary laws, emphasizing the supremacy of the IBC in insolvency matters. The resolution professional was granted the authority to take control of the properties and fulfill duties under the IBC without hindrance from the illegal attachment of assets. en-us Mon, 27 Jan 2020 00:00:00 +0530 Sat, 19 Sep 2020 17:04:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398581 The Tribunal allowed the Application, setting aside the MPID notification and directing the release of the Corporate Debtor's sealed assets. The judgment clarified the legal principles governing conflicts between state and parliamentary laws, emphasizing the supremacy of the IBC in insolvency matters. The resolution professional was granted the authority to take control of the properties and fulfill duties under the IBC without hindrance from the illegal attachment of assets. Case-Laws Insolvency and Bankruptcy Mon, 27 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398581