https://www.taxtmi.com/caselaws?id=768338 Once a resolution plan is approved, or liquidation has intervened, rights in mortgaged property and disputes over repayment or entitlement are governed by the insolvency framework and cannot be conclusively determined in attachment proceedings of limited jurisdiction. Financial institutions that had settled dues through the resolution process were not entitled to seek release of the attached property in these appeals, and resolution professionals, liquidators, and companies under CIRP or liquidation could not maintain an independent challenge to the attachment. The parties were left to pursue remedies available under the applicable insolvency and money-laundering statutes, including recourse under Section 8(7) of the PMLA where appropriate. en-us Tue, 04 Mar 2025 00:00:00 +0530 Sat, 05 Apr 2025 08:23:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768338 Once a resolution plan is approved, or liquidation has intervened, rights in mortgaged property and disputes over repayment or entitlement are governed by the insolvency framework and cannot be conclusively determined in attachment proceedings of limited jurisdiction. Financial institutions that had settled dues through the resolution process were not entitled to seek release of the attached property in these appeals, and resolution professionals, liquidators, and companies under CIRP or liquidation could not maintain an independent challenge to the attachment. The parties were left to pursue remedies available under the applicable insolvency and money-laundering statutes, including recourse under Section 8(7) of the PMLA where appropriate. Case-Laws IBC Tue, 04 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768338