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As per the case facts a scam involving payment defaults and fraud occurred at a commodity exchange platform A Supreme Court Committee was appointed to address issues including the validity
...of its own orders and questions regarding the priority of secured creditors over attached assets and the availability of attached properties for decree execution during a moratorium The appeal considers these challenging questions The question arose whether secured creditors had priority over assets attached under the PMLA and MPID Act and whether properties attached under the MPID Act were available for decree execution despite the IBC moratorium Finally the Supreme Court affirmed that properties attached under the MPID Act are available for decree execution by the S C Committee even with an IBC moratorium The Court found no conflict between the MPID Act and the IBC concluding that the IBC's overriding effect was not applicable The Committee's orders were upheld