https://www.taxtmi.com/caselaws?id=391150 The appeals were disposed of with the observation that the appellants could file their respective claims before the Liquidator. The Adjudicating Authority's decision to dismiss the applications for restraining the invocation of PBGs was upheld, as the Corporate Debtor was entitled to invoke the Bank Guarantees per their terms, and no evidence of fraud was established. The Adjudicating Authority and the Appellate Tribunal emphasized that they cannot decide on disputed facts or claims summarily, advising the appellants to follow the procedure under the I&B Code for resolution. en-us Wed, 25 Sep 2019 00:00:00 +0530 Thu, 07 May 2020 14:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391150 The appeals were disposed of with the observation that the appellants could file their respective claims before the Liquidator. The Adjudicating Authority's decision to dismiss the applications for restraining the invocation of PBGs was upheld, as the Corporate Debtor was entitled to invoke the Bank Guarantees per their terms, and no evidence of fraud was established. The Adjudicating Authority and the Appellate Tribunal emphasized that they cannot decide on disputed facts or claims summarily, advising the appellants to follow the procedure under the I&B Code for resolution. Case-Laws Insolvency and Bankruptcy Wed, 25 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391150