https://www.taxtmi.com/caselaws?id=351305 The tribunal found that the respondent bank violated the moratorium and failed to comply with the Interim Resolution Professional's instructions. The bank was directed to return the appropriated funds to the corporate debtor's account and investigate the debtor's misconduct. The resolution professional was authorized to take action against the debtor's key managerial persons. Compliance was required within fifteen days. en-us Fri, 13 Oct 2017 00:00:00 +0530 Thu, 23 Nov 2017 13:01:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351305 The tribunal found that the respondent bank violated the moratorium and failed to comply with the Interim Resolution Professional's instructions. The bank was directed to return the appropriated funds to the corporate debtor's account and investigate the debtor's misconduct. The resolution professional was authorized to take action against the debtor's key managerial persons. Compliance was required within fifteen days. Case-Laws Companies Law Fri, 13 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351305