https://www.taxtmi.com/caselaws?id=300436 The Adjudicating Authority may invoke inherent power under Rule 11 of the NCLT Rules, 2016 to pass interim protection before admission of a section 7 application, where necessary to prevent abuse of process and preserve the subject property. Such relief can be granted even against a secured creditor proceeding under the SARFAESI framework, and the fact that the creditor was not initially impleaded does not by itself remove jurisdiction if notice is issued to safeguard its interest. The Tribunal declined to decide the competing title and ownership claims over the mortgaged property, leaving those issues for determination in the main proceedings, and upheld continuation of the status quo order. en-us Sun, 31 Jan 2021 00:00:00 +0530 Wed, 02 Feb 2022 08:44:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300436 The Adjudicating Authority may invoke inherent power under Rule 11 of the NCLT Rules, 2016 to pass interim protection before admission of a section 7 application, where necessary to prevent abuse of process and preserve the subject property. Such relief can be granted even against a secured creditor proceeding under the SARFAESI framework, and the fact that the creditor was not initially impleaded does not by itself remove jurisdiction if notice is issued to safeguard its interest. The Tribunal declined to decide the competing title and ownership claims over the mortgaged property, leaving those issues for determination in the main proceedings, and upheld continuation of the status quo order. Case-Laws Insolvency and Bankruptcy Sun, 31 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300436