Separate Bank Account for CIRP Costs Shielded from Enforcement Attachment; Not Part of Defaulter Company's Assets.

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....Opening of a separate Bank Account - contributed by the Member of the CCOC towards CIRP cost - asset now so generated is in compliance of the Order of the Code can not be attached by any other Authority under law - This is not an asset of the defaulter company hence otherwise also beyond attachment by Directorate of Enforcement....