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TMI Blog2022 (1) TMI 13X X X X Extracts X X X X X X X X Extracts X X X X ..... Dated:- 24-12-2021 - HON'BLE MR. JUSTICE MANMOHAN ANDHON'BLE MR. JUSTICE NAVIN CHAWLA Appellant Through: Mr. S.V. Raju, ASG with Mr. Zoheb Hossain, Mr. Anshuman Singh, Ms. Tulika Gupta and Mr. Ankit Bhatia, Advocates. Respondent Through: Mr. Kirti Uppal, Senior Advocate with Mr. Sidharth Chopra, Mr. Aditya Gauri, Mr. Amar Vivek and Ms. Riya Gulati, Advocates. Ms. Maneesha Dhir ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ce with the provisions of the Insolvency and Bankruptcy Code, 2016 and restrained the appellant herein from taking any further action, coercive or otherwise against the liquidation estate, in spite of the prevailing Provisional Attachment order dated 02 nd December, 2021 under the Prevention of Money Laundering Act, 2002 in respect of assets worth ₹ 274.60/- crores which are under liquidati ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on. After some arguments, learned Additional Solicitor General, without prejudice to the rights and contentions of the appellant, states that the appellant has no objection if the attachment order qua the properties is transferred as an attachment order qua the sale proceeds to be deposited by the auction purchaser to the tune of ₹ 275 crores approximately. Issue notice. Mr. Sidhart ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng to make any further payment to the Official Liquidator till her application filed before the NCLT is decided. She points out that her application is listed for hearing on 2 nd February, 2022. Mr. Neeraj Malhotra, learned senior counsel for the Edelweiss Asset Reconstruction Company Ltd. states that the secured creditors are also not agreeable to the shifting of the attachment order from the ..... X X X X Extracts X X X X X X X X Extracts X X X X
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