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IBC - Highlights / Catch Notes

Home Highlights April 2020 Year 2020 This

Resolution Professional us/s 60(5) r/w 14 seeking release of ...

Insolvency and Bankruptcy

April 13, 2020

Resolution Professional us/s 60(5) r/w 14 seeking release of goods - CIRP already initiated - the Corporate Debtor not being the consignee nor the importer of the goods it has ownership rights, it has to be construed that it has acted as an agent on behalf of the importer, therefore, this Applicant has no right to ask for release of the consignment. - Tri

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