Property Attachments under the MPID Act are not barred by the IBC Moratorium
The Supreme Court in the matter of National Spot Exchange Ltd. v. Union of India and Ors.1 ruled that the moratorium under IBC2 does not prohibit attachment of properties under the MPID Act3. The bench of Justices Bela M Trivedi and Satish Chandra Sharma was addressing a case stemming from the 2013 NSEL4 scam. In this, commodity exchange platform NSEL […]
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