NCLT Mumbai's order vacating attachment orders issued by ED ...
Corporate Debtor Loses Plea Against ED's Attachment Orders Under PMLA for Failure to Timely Appeal.
January 2, 2025
Case Laws IBC HC
NCLT Mumbai's order vacating attachment orders issued by ED under PMLA upheld. Petitioner, aware of CIRP proceedings, failed to avail statutory remedy of appeal before NCLAT within prescribed period. Plea of violation of natural justice rejected as petitioner deliberately did not intervene despite knowledge. HC vacated interim stay, directed petitioner to address jurisdictional issue, consider converting writ petition under Article 226.
View Source