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Possession of property of debtor under SARFAESI prior to commencement of CIRP wasn't out of ambit of moratorium

January 2, 2019[2018] 100 466 (NCLT - Mum.)

IBC: Where even though financial creditor took over possession of property of corporate debtor under SARFAESI Act prior to commencement of CIRP, yet such an action was not out of ambit of 'moratorium' and, therefore, once application under section 7 was admitted in case of corporate debtor, financial creditor was required to hand over possession of aforesaid property to Resolution Professional

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