2024 (8) TMI 23

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.... corporate debtor in the proceedings before the National Company Law Tribunal (NCLT). Liquidation proceedings have already been initiated. Pending the liquidation proceedings, the property has been attached at the instance of the Enforcement Directorate. The Liquidator has approached this Court stating that the Liquidator is not able to proceed because of the attachment and the entire proceedings ....

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....ectorate. The Court had interpreted the non obstante clause in the two enactments. I do not propose to go into the merits of the said contention. However, I am of the opinion that the interest of the parties can be safe guarded pending this litigation by permitting the sale to go on and ensuring that the proceeds of the sale shall be liable for attachment by the Enforcement Directorate. In the abo....