https://www.taxtmi.com/caselaws?id=457934 The Tribunal allowed the Resolution Professional's application, directing the Income Tax Department to lift the attachment orders on the Corporate Debtor's bank accounts. The Tribunal determined that the attachment hindered the liquidation process and that the Insolvency and Bankruptcy Code provisions prevailed over the Income Tax Act. The application was disposed of as allowed. en-us Thu, 01 Oct 2020 00:00:00 +0530 Mon, 30 Sep 2024 20:24:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457934 The Tribunal allowed the Resolution Professional's application, directing the Income Tax Department to lift the attachment orders on the Corporate Debtor's bank accounts. The Tribunal determined that the attachment hindered the liquidation process and that the Insolvency and Bankruptcy Code provisions prevailed over the Income Tax Act. The application was disposed of as allowed. Case-Laws IBC Thu, 01 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457934