Adjudicating Authority under IBC not appropriate forum to decide Revocation of Attachment Made by ED during CIRP: NCLT

Adjudicating Authority under IBC not appropriate forum to decide Revocation of Attachment Made by ED during CIRP, rules NCLT
NCLT - NCLT Chennai - CIRP - IBC - Enforcement Directorate - TAXSCAN

The Chennai Bench of the National Company Law Tribunal ( NCLT ) held that adjudicating authority under the Insolvency and Bankruptcy Code, 2016 ( IBC ) is not appropriate forum to decide revocation of attachment made by Enforcement Directorate ( ED ) during Corporate Insolvency Resolution Process (CIRP). The Counsel for the Applicant submitted that…

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