https://www.taxtmi.com/caselaws?id=195251 The Tribunal dismissed the appeal, affirming the Adjudicating Authority's decision regarding the interpretation of the Moratorium provision under the Insolvency and Bankruptcy Code. It was held that the Moratorium applies solely to actions involving the property owned by the Corporate Debtor, excluding assets of third parties. The judgment emphasized adherence to the statutory language and the specific scope of the Moratorium, clarifying its application to the Corporate Debtor's owned property. The application under Section 10 of the Code was upheld, subject to conditions related to the Moratorium provision, providing clarity on asset protection during insolvency resolution. en-us Mon, 31 Jul 2017 00:00:00 +0530 Wed, 03 Jan 2018 12:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195251 The Tribunal dismissed the appeal, affirming the Adjudicating Authority's decision regarding the interpretation of the Moratorium provision under the Insolvency and Bankruptcy Code. It was held that the Moratorium applies solely to actions involving the property owned by the Corporate Debtor, excluding assets of third parties. The judgment emphasized adherence to the statutory language and the specific scope of the Moratorium, clarifying its application to the Corporate Debtor's owned property. The application under Section 10 of the Code was upheld, subject to conditions related to the Moratorium provision, providing clarity on asset protection during insolvency resolution. Case-Laws Insolvency and Bankruptcy Mon, 31 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195251