https://www.taxtmi.com/caselaws?id=390980 The Court directed the Prothonotary & Senior Master to release the encashed amount of Rs. 38,53,000/- to the applicant within one week, subject to the applicant furnishing an undertaking to return the amount with interest if the respondent succeeds in the arbitration petition. The Court emphasized that the bank guarantee was an independent contract and not subject to the moratorium under Section 14 of the Insolvency & Bankruptcy Code, 2016. en-us Thu, 02 Jan 2020 00:00:00 +0530 Thu, 16 Jan 2020 14:20:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390980 The Court directed the Prothonotary & Senior Master to release the encashed amount of Rs. 38,53,000/- to the applicant within one week, subject to the applicant furnishing an undertaking to return the amount with interest if the respondent succeeds in the arbitration petition. The Court emphasized that the bank guarantee was an independent contract and not subject to the moratorium under Section 14 of the Insolvency & Bankruptcy Code, 2016. Case-Laws Insolvency and Bankruptcy Thu, 02 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390980