https://www.taxtmi.com/caselaws?id=415420 The Tribunal asserted its jurisdiction to entertain the application filed by the Resolution Professional against the attachment of properties under the Maharashtra Protection of Interest of Depositors (MPID) Act, holding that the Insolvency and Bankruptcy Code (IBC) prevails over the MPID Act. It directed the release/de-attachment of all assets/properties of the corporate debtor and instructed cooperation with the RP. Respondents were allowed to file claims within two weeks, to be considered under the IBC regulations. The case was disposed of in favor of the RP. en-us Wed, 06 Oct 2021 00:00:00 +0530 Sat, 04 Dec 2021 18:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415420 The Tribunal asserted its jurisdiction to entertain the application filed by the Resolution Professional against the attachment of properties under the Maharashtra Protection of Interest of Depositors (MPID) Act, holding that the Insolvency and Bankruptcy Code (IBC) prevails over the MPID Act. It directed the release/de-attachment of all assets/properties of the corporate debtor and instructed cooperation with the RP. Respondents were allowed to file claims within two weeks, to be considered under the IBC regulations. The case was disposed of in favor of the RP. Case-Laws Insolvency and Bankruptcy Wed, 06 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415420