Valid State legislation under List II prevails over Central legislation under List I; MPID Act overrides SARFAESI/RDB Act for attached properties. MPID Act prevails over IBC for properties attached pre-moratorium.
2025 INSC 694 SUPREME COURT OF INDIA DIVISION BENCH NATIONAL SPOT EXCHANGE LIMITED Vs. UNION OF INDIA AND OTHERS ( Before : Bela M. Trivedi and Satish Chandra Sharma, JJ.…