https://www.taxtmi.com/caselaws?id=378293 The Tribunal upheld that encashing post-dated cheques by a creditor during the moratorium period under Section 14 of the Insolvency and Bankruptcy Code is impermissible. Despite the cheques predating the insolvency process, recovery actions against the Corporate Debtor are prohibited once the moratorium begins. The Appellant was directed to refund the amounts received and could seek relief from an appropriate court. The Tribunal extended the refund deadline and disposed of the appeal without costs, emphasizing the importance of upholding the moratorium provisions to safeguard the Corporate Debtor's assets during the resolution process. en-us Wed, 27 Mar 2019 00:00:00 +0530 Fri, 12 Apr 2019 05:09:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378293 The Tribunal upheld that encashing post-dated cheques by a creditor during the moratorium period under Section 14 of the Insolvency and Bankruptcy Code is impermissible. Despite the cheques predating the insolvency process, recovery actions against the Corporate Debtor are prohibited once the moratorium begins. The Appellant was directed to refund the amounts received and could seek relief from an appropriate court. The Tribunal extended the refund deadline and disposed of the appeal without costs, emphasizing the importance of upholding the moratorium provisions to safeguard the Corporate Debtor's assets during the resolution process. Case-Laws Insolvency and Bankruptcy Wed, 27 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378293