NCLT Approves Loyal Auto Globe Liquidator's MPID Litigation

NCLT grants Liquidator of Loyal Auto Globe Pvt Ltd approval to file application in MPID court seeking release of four attached properties.
Properties (three shops, one plot) valued as liquidation estate are under MPID attachment from 2012 despite corporate debtor not being named in notification.
Central Bank of India holds prior charge over properties via 2008 mortgage and SARFAESI action, supporting liquidator's application.
The tribunal's 2020 order lifting attachment was stayed by Bombay High Court, necessitating this fresh application to resolve the impasse.