Bombay High Court upholds NCLT’s decision to release ED attached properties after nod to IBC Resolution Plan

The High Court of Bombay (“Court”) in a recent judgment[1] has upheld the NCLT’s powers to direct the Directorate of Enforcement (“ED”) to release attached properties of a corporate debtor, once a resolution plan in respect of the corporate debtor had been approved.

Filed under:
India, Company & Commercial, Insolvency & Restructuring, Litigation, Cyril Amarchand Mangaldas, Insolvency and Bankruptcy Code (India), Bombay High Court, National Company Law Tribunal
Authors:
Ankoosh Mehta , Darshan Patankar , Rahil Mehta
Location:
India
Firm:
Cyril Amarchand Mangaldas