https://www.taxtmi.com/caselaws?id=460767 Section 32A of the Insolvency and Bankruptcy Code, 2016 applies only after statutory triggers occur, namely approval of a resolution plan involving change of control or sale of liquidation assets to a qualifying person; because neither event had occurred, the application was premature and not maintainable. In parallel, the attachment scheme under the Prevention of Money Laundering Act, 2002 does not by itself transfer title, and a secured creditor or assignee could not obtain immediate release of the attached properties by bypassing the statutory safeguards; any remedy remained subject to the adjudication, confiscation, and restoration framework, including section 8(8). en-us Fri, 26 Apr 2024 00:00:00 +0530 Tue, 18 Feb 2025 13:32:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460767 Section 32A of the Insolvency and Bankruptcy Code, 2016 applies only after statutory triggers occur, namely approval of a resolution plan involving change of control or sale of liquidation assets to a qualifying person; because neither event had occurred, the application was premature and not maintainable. In parallel, the attachment scheme under the Prevention of Money Laundering Act, 2002 does not by itself transfer title, and a secured creditor or assignee could not obtain immediate release of the attached properties by bypassing the statutory safeguards; any remedy remained subject to the adjudication, confiscation, and restoration framework, including section 8(8). Case-Laws Money Laundering Fri, 26 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460767