TMI BlogWhether notification issued under Section 4 of the MPID Act and consequent attachment of the property...Whether notification issued under Section 4 of the MPID Act and consequent attachment of the property including the bank account of the corporate debtor can be challenged by approaching NCLT under Section 60(5) of the I.B. Code? - Section 18 of the I.B. Code specifying duties of interim resolution professional, although provides in sub-Section 18(f) that he shall take control and custody of any asset over which the corporate debtor has ownership rights, however the same is subject to the determi..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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