Corporate Debtor Loses Plea Against ED's Attachment Orders Under PMLA for Failure to Timely Appeal.

Corporate Debtor Loses Plea Against ED's Attachment Orders Under PMLA for Failure to Timely Appeal. https://www.taxtmi.com/highlights?id=84495 NCLT Mumbai's order vacating attachment orders issued by ED under PMLA upheld. Petitioner, aware of CIRP proceedings, failed to avail statutory remedy of appeal before NCLAT within prescribed period. Plea of violation of natural justice rejected as petitioner deliberately did not intervene despite knowledge. HC vacated interim stay, directed petitioner to address jurisdictional issue, consider converting writ petition under Article 226. en-us Thu, 02 Jan 2025 08:13:28 +0530 Thu, 02 Jan 2025 08:13:28 +0530 TaxTMI RSS Generator Corporate Debtor Loses Plea Against ED's Attachment Orders Under PMLA for Failure to Timely Appeal. https://www.taxtmi.com/highlights?id=84495 NCLT Mumbai's order vacating attachment orders issued by ED under PMLA upheld. Petitioner, aware of CIRP proceedings, failed to avail statutory remedy of appeal before NCLAT within prescribed period. Plea of violation of natural justice rejected as petitioner deliberately did not intervene despite knowledge. HC vacated interim stay, directed petitioner to address jurisdictional issue, consider converting writ petition under Article 226. Highlights IBC Thu, 02 Jan 2025 08:13:28 +0530 https://www.taxtmi.com/highlights?id=84495