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NCLAT directs SEBI to lift attachment order against corporate debtor to enable IRP to timely complete CIRP

September 5, 2020[2020] 118 458 (NCLT - Kochi)

IBC: Where IRP while attempting to procure all information for determining financial position of corporate debtor was unable to access bank accounts of corporate debtor as same had been attached by SEBI, IRP was to be permitted to open a new bank account in name of corporate debtor-company under CIRP and newly opened account shall not be subjected to attachment by SEBI

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