https://www.taxtmi.com/caselaws?id=756319 Interim lifting of an attachment over liquidation assets was permitted to allow sale of the properties, while preserving the Enforcement Directorate's claim over the sale proceeds. The court did not decide the rival merits of the insolvency and enforcement claims, but granted interim protection to avoid stalling liquidation. The liquidator was required to disclose the sale particulars, keep the agency informed, and retain the proceeds so they remained subject to further attachment. en-us Fri, 12 Apr 2024 00:00:00 +0530 Wed, 31 Jul 2024 10:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756319 Interim lifting of an attachment over liquidation assets was permitted to allow sale of the properties, while preserving the Enforcement Directorate's claim over the sale proceeds. The court did not decide the rival merits of the insolvency and enforcement claims, but granted interim protection to avoid stalling liquidation. The liquidator was required to disclose the sale particulars, keep the agency informed, and retain the proceeds so they remained subject to further attachment. Case-Laws Insolvency and Bankruptcy Fri, 12 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756319