Attachment Under Banning Of Unregulated Deposit (BUDS) Act Doesn't Have Precedence Over SARFAESI/ IBC Proceedings: Kerala HC

The Kerala High Court has ruled that the BUDS Act does not take precedence over proceedings under the SARFAESI and IBC. This decision clarifies the hierarchy of legal provisions. It ensures that SARFAESI and IBC proceedings are not unduly hindered. This ruling underscores the need for clear guidelines on legal precedence. It emphasizes the importance of procedural clarity. The High Court's order reinforces legal procedures.