https://www.taxtmi.com/caselaws?id=304069 Arbitral and execution machinery used through a collusive, fraudulent reference will not be allowed to defeat a secured creditor's lawful enforcement rights. The Court found that the alleged arbitration was engineered around a non-existent oral agreement, with an award obtained in suspiciously short time and used to obstruct recovery against a secured flat. On that basis, the attachment and receivership could not be sustained. The attachment was raised, the Court Receiver was discharged, and possession of the flat was directed to be handed over to the applicant, with contempt-related consequences also initiated against those involved. en-us Mon, 12 Feb 2018 00:00:00 +0530 Tue, 06 Sep 2022 07:07:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304069 Arbitral and execution machinery used through a collusive, fraudulent reference will not be allowed to defeat a secured creditor's lawful enforcement rights. The Court found that the alleged arbitration was engineered around a non-existent oral agreement, with an award obtained in suspiciously short time and used to obstruct recovery against a secured flat. On that basis, the attachment and receivership could not be sustained. The attachment was raised, the Court Receiver was discharged, and possession of the flat was directed to be handed over to the applicant, with contempt-related consequences also initiated against those involved. Case-Laws VAT and Sales Tax Mon, 12 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304069