Thursday, September 16, 2021

Authorities when approached u/s 14 must direct police to assist secured creditor in taking possession of assets

FEMA, BANKING amp; INSURANCE : Upon receipt of request under section 14, authorities approached need to issue directions to Revenue Officials or Police Officials to provide assistance to secured creditor to enable him to obtain possession of secured asset or documents pertaining thereto so that such secured assets may be put up for sale, and realisation of sale proceeds would amount to blocked funds being unblocked

from www.taxmann.com Latest Case Laws https://ift.tt/3lyzcXx

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