https://www.taxtmi.com/caselaws?id=464870 The text concerns whether, after approval of a resolution plan, Section 32A of the IBC protects a corporate debtor and its assets from attachment under the PMLA and whether the NCLT can direct release of attached properties. It notes the High Court view that no partial quashing of enforcement instruments was required because they would have no effect against the corporate debtor, while the debtor would still cooperate in the ongoing investigation and prosecution of other accused. It also records that the attachment order dated 14 February 2019 was to continue in force and that the contempt petition before the High Court would not proceed. en-us Mon, 12 Aug 2024 00:00:00 +0530 Wed, 19 Nov 2025 20:57:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464870 The text concerns whether, after approval of a resolution plan, Section 32A of the IBC protects a corporate debtor and its assets from attachment under the PMLA and whether the NCLT can direct release of attached properties. It notes the High Court view that no partial quashing of enforcement instruments was required because they would have no effect against the corporate debtor, while the debtor would still cooperate in the ongoing investigation and prosecution of other accused. It also records that the attachment order dated 14 February 2019 was to continue in force and that the contempt petition before the High Court would not proceed. Case-Laws IBC Mon, 12 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464870