https://www.taxtmi.com/caselaws?id=416548 The appeal challenges the judgment allowing the respondent to proceed with liquidation despite a Provisional Attachment order under the Prevention of Money Laundering Act. The court notes the Additional Solicitor General's willingness to transfer the attachment order to the sale proceeds for deposit by the auction purchaser to address concerns regarding assets worth Rs. 274.60 crores. Lucky Holdings Pvt. Ltd. and secured creditors are impleaded as respondents. The court schedules the next hearing for 24th January, 2022, maintaining a status quo on the assets of the company in liquidation pending further developments. en-us Fri, 24 Dec 2021 00:00:00 +0530 Sat, 01 Jan 2022 08:54:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416548 The appeal challenges the judgment allowing the respondent to proceed with liquidation despite a Provisional Attachment order under the Prevention of Money Laundering Act. The court notes the Additional Solicitor General's willingness to transfer the attachment order to the sale proceeds for deposit by the auction purchaser to address concerns regarding assets worth Rs. 274.60 crores. Lucky Holdings Pvt. Ltd. and secured creditors are impleaded as respondents. The court schedules the next hearing for 24th January, 2022, maintaining a status quo on the assets of the company in liquidation pending further developments. Case-Laws Money Laundering Fri, 24 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416548