ED ordered to uplift attachment over assets of Corporate Debtor in terms of Section 32-A of IBC, 2016

Vantage Point Asset Pte. Ltd. Vs Gaurav Misra (NCLAT Delhi) NCLAT Delhi held that Successful Resolution Applicant is entitled to relief of extension of benefit of protection of Section 32-A of the Insolvency and Bankruptcy Code to lift the attachment by Enforcement Directorate (ED) over the assets of the Corporate Debtor. Facts- The Corporate Insolvency Resolution Process (“CIRP”) commenced against the Corporate Debtor – Alchemist Infra Realty Limited by order dated 08.10.2021. The RP after conducting due diligence regarding compliance of Resolution Plan with regard to the provisions of ...