Supreme Court · 2025 INSC 694 · Decided 14 May 2025
National Spot Exchange Limited v. Union of India & ORS.
- Court
- Supreme Court of India
- Citation
- 2025 INSC 694 · [2025] 7 S.C.R. 252
- Case number
- No. 995/2019
- Decided
- 14 May 2025
- Bench
- BELA M. TRIVEDI, SATISH CHANDRA SHARMA
- Acts & sections cited
- Constitution Article 246, 254, 246(1); IBC Section 14, 238; SARFAESI Act Section 4, 26E; Prevention of Money Laundering Act
Headnote
Whether the Secured creditors would have priority of interest over the assets attached under the Provisions of Prevention of Money Laundering Act, 2002, (PMLA) and Maharashtra Protection of Investors and Depositors Act, 1999 (MPID Act), by virtue of the provisions and RDB Act, 1993; whether the properties of the Judgment Debtors and Garnishees attached under the Provisions of MPID Act, 1999 would be available for the execution of the decrees against Judgment Debtors in view of the Provision of Moratorium under Section 14 of the IBC, 2016.
Judgments are the courts' own published copies, provided for study; they are not certified copies. Source: Indian Supreme Court & High Court Judgments, Dattam Labs (CC-BY-4.0)