https://www.taxtmi.com/caselaws?id=793425 Section 32A of the Insolvency and Bankruptcy Code, 2016 was treated as barring continuation of attachment proceedings against a corporate debtor's property for prior offences once a resolution plan is approved and management or control changes; attachment, seizure, retention and confiscation were included within "action against the property", so the attachment could not survive. Under the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 1999, publication of an attachment notification was held to be only provisional, and vesting remained incomplete until the Designated Court made the attachment absolute under Section 7. As no such order had been passed, the property had not finally vested in the competent authority. en-us Mon, 08 Jun 2026 00:00:00 +0530 Tue, 16 Jun 2026 08:32:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793425 Section 32A of the Insolvency and Bankruptcy Code, 2016 was treated as barring continuation of attachment proceedings against a corporate debtor's property for prior offences once a resolution plan is approved and management or control changes; attachment, seizure, retention and confiscation were included within "action against the property", so the attachment could not survive. Under the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 1999, publication of an attachment notification was held to be only provisional, and vesting remained incomplete until the Designated Court made the attachment absolute under Section 7. As no such order had been passed, the property had not finally vested in the competent authority. Case-Laws IBC Mon, 08 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793425