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IBC - Highlights / Catch Notes

Home Highlights December 2022 Year 2022 This

Recovery proceedings of debts - attachment of movable/immovable ...


High Court Upholds Debt Recovery via Property Attachment; DRT Orders Align with Insolvency and Bankruptcy Code Provisions.

December 5, 2022

Case Laws     Insolvency and Bankruptcy     HC

Recovery proceedings of debts - attachment of movable/immovable property of the petitioners - as per the settled legal position, it cannot be said that the orders passed by the DRT as well as Recovery Officer are in any manner contrary to the provisions of IBC more particularly when judgment and award passed by the DRT has achieved finality in absence of any challenge thereto. - HC

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