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 the Insolvency & Bankruptcy Code (“IBC”) doesn’t prohibit attachment of properties under the Maharashtra Protection of Interest of Depositors Act (“MPID Act”). The Bench comprising Justice Bela M Trivedi and Justice Satish Chandra Sharma was hearing the case […]
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