https://www.taxtmi.com/caselaws?id=468071 An attachment over a corporate debtor's property created before liquidation was treated as incapable of being retained once the asset formed part of the liquidation estate. The tribunal noted that liquidation had been completed, the claim had been filed belatedly, and the appellant had not diligently pursued the matter, including remaining absent despite opportunities. In these circumstances, the order directing release of the attachment was found consistent with the liquidation process, and no appellate interference was warranted. The direction to lift the attachment was therefore upheld and the appeal dismissed. en-us Mon, 24 Jun 2024 00:00:00 +0530 Wed, 15 Apr 2026 20:22:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468071 An attachment over a corporate debtor's property created before liquidation was treated as incapable of being retained once the asset formed part of the liquidation estate. The tribunal noted that liquidation had been completed, the claim had been filed belatedly, and the appellant had not diligently pursued the matter, including remaining absent despite opportunities. In these circumstances, the order directing release of the attachment was found consistent with the liquidation process, and no appellate interference was warranted. The direction to lift the attachment was therefore upheld and the appeal dismissed. Case-Laws IBC Mon, 24 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468071