https://www.taxtmi.com/caselaws?id=294445 The Tribunal rejected the relief sought by the Resolution Professional to release assets of the Corporate Debtor under a provisional attachment order and to quash the order. The conflict between the IBC moratorium and criminal proceedings under the PMLA Act was deliberated, with the Tribunal emphasizing that the moratorium does not extend to criminal cases. The Tribunal cited the pending appeal against the attachment order before the Appellate Tribunal of PMLA as a reason for dismissing the relief sought, highlighting the limitations of the IBC Adjudicating Authority in interfering with PMLA proceedings. en-us Wed, 09 Jan 2019 00:00:00 +0530 Thu, 15 Apr 2021 08:04:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294445 The Tribunal rejected the relief sought by the Resolution Professional to release assets of the Corporate Debtor under a provisional attachment order and to quash the order. The conflict between the IBC moratorium and criminal proceedings under the PMLA Act was deliberated, with the Tribunal emphasizing that the moratorium does not extend to criminal cases. The Tribunal cited the pending appeal against the attachment order before the Appellate Tribunal of PMLA as a reason for dismissing the relief sought, highlighting the limitations of the IBC Adjudicating Authority in interfering with PMLA proceedings. Case-Laws Insolvency and Bankruptcy Wed, 09 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294445