NCLAT to decide if Enforcement Directorate can attach property of Corporate Debtor undergoing CIRP

NCLAT to decide if Enforcement Directorate can attach property of Corporate Debtor undergoing CIRP

While dealing with the winning resolution applicant for Bhushan Power and Steel, JSW Steel Ltd’s plea for immunity for the assets of the former from the ongoing criminal proceedings against it, the NCLAT has stated that it would examine if Enforcement Directorate (ED) has the jurisdiction to attach the property of the Corporate Debtor undergoing corporate insolvency resolution process.

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