https://www.taxtmi.com/caselaws?id=308907 The insolvency moratorium under the Insolvency and Bankruptcy Code, 2016, read with its overriding effect, is stated to prevail over inconsistent attachment and recovery action under the SEBI Act and the Income-tax Act during the corporate insolvency resolution process. On that basis, the Resolution Professional must be enabled to take possession of the corporate debtor's assets, title deeds and records to carry out the process effectively and within time. Where attachments under the SEBI Act subsist, de-attachment and handover of possession are directed, while released income-tax attachments require handover of title deeds. en-us Tue, 30 Apr 2019 00:00:00 +0530 Tue, 01 Aug 2023 08:20:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308907 The insolvency moratorium under the Insolvency and Bankruptcy Code, 2016, read with its overriding effect, is stated to prevail over inconsistent attachment and recovery action under the SEBI Act and the Income-tax Act during the corporate insolvency resolution process. On that basis, the Resolution Professional must be enabled to take possession of the corporate debtor's assets, title deeds and records to carry out the process effectively and within time. Where attachments under the SEBI Act subsist, de-attachment and handover of possession are directed, while released income-tax attachments require handover of title deeds. Case-Laws Insolvency and Bankruptcy Tue, 30 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308907