https://www.taxtmi.com/caselaws?id=303898 The NCLT upheld the provisional attachment order issued against the Corporate Debtor's property under the Prohibition of Benami Property Transactions Act, 1988. It ruled that the NCLT lacked jurisdiction to revoke the attachment under Section 60(5) of the IBC. The applications challenging the attachment were dismissed, affirming the validity of the attachment. The NCLT highlighted that the Liquidator could challenge the attachment under the relevant provisions of the Benami Property Transactions Act. en-us Mon, 25 Apr 2022 00:00:00 +0530 Tue, 23 Aug 2022 21:45:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303898 The NCLT upheld the provisional attachment order issued against the Corporate Debtor's property under the Prohibition of Benami Property Transactions Act, 1988. It ruled that the NCLT lacked jurisdiction to revoke the attachment under Section 60(5) of the IBC. The applications challenging the attachment were dismissed, affirming the validity of the attachment. The NCLT highlighted that the Liquidator could challenge the attachment under the relevant provisions of the Benami Property Transactions Act. Case-Laws Insolvency and Bankruptcy Mon, 25 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303898