There is no power to enjoin upon NCLAT to condone even a single day beyond the condonable period prescribed as per Section 61 of the Insolvency and Bankruptcy Code, 2016 – Employees Provident Fund Organisation Vs. Nethi Mallikarjuna Setty – NCLAT Chennai

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There is no conflict between PMLA and IBC and even if a property has been attached in the PMLA which is belonging to the Corporate Debtor, if CIRP is initiated, the property should become available to fulfil objects of IBC till a resolution takes place or sale of liquidation asset occurs in terms of Section 32A – The Directorate of Enforcement Vs. Sh Manoj Kumar Agarwal, Resolution Professional- NCLAT New Delhi

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The mandate of law in terms of Section 17(2) (xii) read with Section 89(4) of the Registration Act, 1908 only required the authorised officer of the bank under the SARFAESI Act to hand over the duly validated sale certificate to the auction purchaser with a copy forwarded to the registering authorities to be filed in Book I as per Section 89 of the Registration Act – Esjayee Impex Pvt. Ltd. Vs. The Asst. General Manager and Authorized Officer Canara Bank – Supreme Court

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