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2017 (8) TMI 1649 - DSC - Companies LawAttachment of all assets of Roofit Industries Ltd. - section 252/10 of the Insolvency and Bankruptcy Code 2016 and Rule 7 of the Insolvency and Bankruptcy (Application to Adjudicating Authority), Rules 2016 - HELD THAT:- Section 14 of the MPID Act, provides that the provisions of said Act shall have effect notwithstanding anything inconsistent therewith contained in any other law for the time being in force or any custom or usage or instrument having effect by virtue of any such law. Similar provision is contained in sec.238 of the I.B.C. which also states that provisions contained in said Code shall have effect notwithstanding anything inconsistent therewith contained in any other law for the time being in force or any instrument having effect by virtue of any such law. This Court cannot pass further orders under the MPID Act, in respect of the attached properties belonging to Roofit Industries. Application allowed.
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