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HC explains Jurisdiction of Authorities under PMLA & IBC after approval of Liquidation under IBC
Case Law Details
- Case Name
- Nitin Jain Liquidator PSL Limited Vs Enforcement Directorate (Delhi High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Delhi High Court
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Nitin Jain Liquidator PSL Limited Vs Enforcement Directorate (Delhi High Court)
A. The Court notes that the reliefs as framed in the writ petition essentially seek a restraint against the respondent from interfering in the liquidation process which had been set in motion. That challenge cannot stand eclipsed merely on account of the issuance of the provisional order of attachment during the pendency of the writ petition. The authority of the respondent to move against the properties of the corporate debtor after the liquidation process has reached a stage where a particular me...
