Disposal of the uncleared cargo by way of auction - Right of the ...

Customs Barred from Auctioning Cargo During CIRP Moratorium Under Insolvency and Bankruptcy Code to Protect Debtor's Assets.

December 3, 2019

Case Laws     Insolvency and Bankruptcy     AT

Disposal of the uncleared cargo by way of auction - Right of the Customs Department - Company under Insolvency Process (CIRP) - Corporate Debtor - during the period of ‘Moratorium’, the assets of the ‘Corporate Debtor’ cannot be alienated, transferred or sold to a third party.

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