https://www.taxtmi.com/caselaws?id=352766 The appeal against the order directing the transfer of funds to the Corporate Debtor was dismissed. The Tribunal ruled that during the moratorium, no entity, including Financial Creditors, could recover or appropriate funds from the Corporate Debtor's account. The Appellant was instructed to transfer the funds to Corporation Bank by a specified date and allowed to file a claim with the Interim Resolution Professional for consideration in the Creditors Committee. The appeal was disposed of without costs, upholding the Adjudicating Authority's decision. en-us Wed, 15 Nov 2017 00:00:00 +0530 Wed, 03 Jan 2018 11:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352766 The appeal against the order directing the transfer of funds to the Corporate Debtor was dismissed. The Tribunal ruled that during the moratorium, no entity, including Financial Creditors, could recover or appropriate funds from the Corporate Debtor's account. The Appellant was instructed to transfer the funds to Corporation Bank by a specified date and allowed to file a claim with the Interim Resolution Professional for consideration in the Creditors Committee. The appeal was disposed of without costs, upholding the Adjudicating Authority's decision. Case-Laws Insolvency and Bankruptcy Wed, 15 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352766