https://www.taxtmi.com/caselaws?id=763618 The SC resolved the jurisdictional dispute between the Enforcement Directorate (ED) and the Committee of Creditors regarding the attachment of a Corporate Debtor's properties under the Prevention of Money Laundering Act during an insolvency process. The Court ordered the ED to transfer control of the attached properties to the successful Resolution Applicant, following the approval of the Resolution Plan by the NCLT. This decision was reached by consensus, without addressing broader interpretations of Section 32A of the IBC or the ED's powers, and all related appeals and applications were disposed of accordingly. en-us Wed, 11 Dec 2024 00:00:00 +0530 Tue, 24 Dec 2024 08:28:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763618 The SC resolved the jurisdictional dispute between the Enforcement Directorate (ED) and the Committee of Creditors regarding the attachment of a Corporate Debtor's properties under the Prevention of Money Laundering Act during an insolvency process. The Court ordered the ED to transfer control of the attached properties to the successful Resolution Applicant, following the approval of the Resolution Plan by the NCLT. This decision was reached by consensus, without addressing broader interpretations of Section 32A of the IBC or the ED's powers, and all related appeals and applications were disposed of accordingly. Case-Laws Money Laundering Wed, 11 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763618