https://www.taxtmi.com/caselaws?id=381951 The Tribunal held that the Government of India's notice dated 22.10.2018 demanding the allocation of sale proceeds to recover a sum was in violation of the moratorium under Section 14 of the Insolvency and Bankruptcy Code. The Tribunal directed the Government not to press or implement the notice during the insolvency proceedings and advised the Ministry of Petroleum to lodge its claim with the Resolution Professional. Other entities were restrained from remitting sale proceeds to Videocon Industries Limited and were directed to maintain the status quo. en-us Wed, 13 Mar 2019 00:00:00 +0530 Sat, 22 Jun 2019 07:39:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381951 The Tribunal held that the Government of India's notice dated 22.10.2018 demanding the allocation of sale proceeds to recover a sum was in violation of the moratorium under Section 14 of the Insolvency and Bankruptcy Code. The Tribunal directed the Government not to press or implement the notice during the insolvency proceedings and advised the Ministry of Petroleum to lodge its claim with the Resolution Professional. Other entities were restrained from remitting sale proceeds to Videocon Industries Limited and were directed to maintain the status quo. Case-Laws Insolvency and Bankruptcy Wed, 13 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381951